Structure of Super Senior Debt Agreements and Analysis of Debt Documents in Times of Financial Distress

In this episode, the Covenants by Reorg team discusses the Serta controversy and how Apollo seeks to block the company from creating “first-out,” “second-out” and “third-out” tranches, three ways to bring in new money through super senior debt and how provisions in debt documents can be creatively employed to subordinate existing creditors. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial.