Octus Radio

Covenants: The Proliferation of Serta Simmons' Super-Priority Uptier Exchange (Sept. 29, 2020)

Sep 29, 2020
Companies replicating Serta Simmons' super-priority uptier exchange, lenders fighting back, negative impact of term loan purchase, lawsuit by minority lenders, shifting collateral to unrestricted subsidiary, preventing future transactions.
Ask episode
Chapters
Transcript
Episode notes
1
Introduction
00:00 • 2min
2
Consequences of Term Loan Purchase and Impact on Lenders
02:23 • 3min
3
Unrestricted Subsidiary Transfers and Preventing Future Transactions
05:10 • 4min