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Americas Core Credit: Voting Cap Restrictions (Dec. 20, 2020)
Reorg Radio
Exploring the Voting Cap Provision in Ancestry's High Yield Issuance
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Mitch Oates discusses the unique voting cap provision in the new high yield issuance from Ancestry, which disregards any notes held by an individual note holder or its affiliates in excess of 20% of the total outstanding for voting purposes.
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