Liability Management Transactions: Debt Repurchases & Exchanges

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

Latest Articles

Securities and Exchange Commission Brings Back Misconduct Admissions Policy

Cancel culture is a hot topic in everything from celebrities to academia to sports. Impolite – or just plain offensive – actions and comments seem...

Executive Compensation: Clawback to the Future

It may seem like only yesterday to politicians, lobbyists and bankers, but the Dodd-Frank Wall Street Reform and Consumer Protection Act – more comm...

New EU Sustainability Reporting Standards Could Offer Blueprint for U.S.

In the United States, the Green New Deal is a political hot-button issue. In Europe, it’s a set of policies that already have been adopted to transf...