This chapter discusses the options available to borrowers for making amendments to their contracts, including consensual routes and non-contractual consent mechanisms. It also highlights the importance of creditor support and consent thresholds in determining the chosen route.
In the latest instalment in our Covenant Conversations podcast, Shweta Rao and guest Shan Qureshi discuss how consent thresholds, particularly those applicable for inserting a new tranche of super senior debt, are in the spotlight after Serta Simmons, Boardriders and Trimark.
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