DIP financing, creditor-on-creditor violence, and other restructuring trends with King & Spalding’s Michael Handler
Debtwired!
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Incentives and Concerns in Restructuring Transactions
This chapter explores the strategic incentives for borrowers and sponsors in restructuring transactions, including unequal treatment under credit agreements and concerns about value stripping. It also discusses the concept of backstop fees and their potential impact on minority lenders' participation in financing.
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