Octus Radio Americas Core Credit: Lowdown on Cram-Ups (Nov. 8, 2020)
Nov 8, 2020
Senior reporter James Holloway and distressed debt legal analyst Kevin Eckhardt discuss the overview of cram-ups for companies including Garrett Motion. The podcast explores recent chapter 11 cases where senior secured lenders may be controlled by junior note holders through a process called Cram up. It highlights ongoing conflicts between senior lenders and alternative plan sponsors, as well as disputes between debtors and Wells Fargo in the CBL case.
Chapters
Transcript
Episode notes
1 2 3 4 5
Introduction
00:00 • 3min
Overview of Recent Chapter 11 Bankruptcy Filings by Two Real Estate Companies
02:51 • 5min
Motion filed to estimate disputed claims and criticize alternative plan
07:53 • 2min
Updates on Puerto Rico's Governor's Race and Battles with the Promita Oversight Board
09:37 • 2min
Cram Ups and Disputes Between Senior Lenders and Alternative Plan Sponsors
11:49 • 13min