Americas Core Credit: Serta Simmons Superpriority Uptier Exchange (Oct. 11, 2020)

This week the Americas Core Credit team discusses Covenants in relation to the Serta Simmons superpriority uptier exchange and chances that other companies can replicate. They also provide updates on the JCPenney bankruptcy case, discuss the restructuring plan for 24-Hour Fitness debtors, and explore the impact of super priority liens on bonds.