LMEs After Serta

This panel explores the ways in which companies are increasingly using creative liability-management transactions — such as drop-downs, uptiers and double-dip structures — to restructure debt, often to the detriment of certain creditors. The panelists outline legal and structural mechanics behind these transactions, illustrate real-world case studies (e.g., J. Crew, Serta, STG), and discuss the evolving litigation landscape and protective covenant strategies.