Patrick McGrath, a partner at Anchorage Capital, shares his expertise in restructuring and liability management in an engaging discussion. He dives into how lenders can provide valuable time and financial certainty in distressed scenarios. The importance of institutional reputation is highlighted, along with strategic approaches to navigating high yield markets and the evolving dynamics between lenders and borrowers. Additionally, McGrath addresses the complexities of execution risks in liability management amidst litigation challenges, offering insights into navigating the current distressed debt landscape.
