The erosion of lender protections in credit agreements, debt-raising options for Smell Direct Club Inc., the impact of EPA's new renewable fuel standards on PBF Energy's obligations, and Puerto Rico monolines seeking to overturn the dismissal of a suit against bond issuing banks.
Featured this week: Purdue, PBF Energy, SmileDirectClub and Puerto Rico.
And deep dive, Peter Washkowitz and Julian Bulaon, from our America’s Covenants team, join David Zubkis to discuss the continuing erosion of lender protections in credit agreements including voting protections, most-favored-nation rights, IP transfer prohibitions and restrictions on raising structurally senior debt.
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