This chapter explores recent amendments in private loans that allow for the release of a guarantor who becomes a non wholly owned subsidiary, discussing the requirements for release and emphasizing its significance as an overlooked aspect with potential collateral loss.
In today's episode of the "Covenant Conversations" podcast, Peter Washkowitz discusses provisions in credit agreements preserving guarantees of guarantors that become non-wholly owned subsidiaries unless certain conditions have been met.
If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial.