Clauses & Controversies cover image

Ep 150 ft. Andrew Kissner

Clauses & Controversies

CHAPTER

Understanding Liability Management Exercises in Corporate Finance

This chapter examines liability management exercises (LMEs) in corporate finance, highlighting their importance during the COVID-19 pandemic. It discusses how LMEs serve as alternatives to bankruptcy and the strategic negotiations companies engage in with lenders when facing distressed debt situations.

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