Liability Management Transactions: Debt Repurchases & Exchanges

August 2019

Across many industry sectors, issuers evaluate potential liability management transactions, which can range from debt repurchases to tender or exchange offers. And as they evaluate their LIBOR-based exposures in light of the phase out of the benchmark rate, many are considering the possibility of a consent solicitation.

In some cases, no-action letter relief may provide issuers and their advisers with greater flexibility for tender offers for non-convertible debt securities, including non-investment grade debt securities.

View our webinar, Liability Management Transactions: Debt Repurchases & Exchanges, for a discussion on:

  • Disclosure issues and handling material non-public information
  • Structuring repurchases to avoid the application of the tender offer rules
  • The tender offer rules
  • No-action letter relief for non-convertible debt securities
  • Consent solicitations
  • Court decisions relating to the Trust Indenture Act

Watch