Liability Management Exercises: Looking Beyond the Headlines
Loomis Sayles Credit Research
JANUARY 13, 2025
Over the past year, headlines about creditor-on-creditor violencesituations where different creditor groups clash over restructuring termshave dominated the conversation in leveraged finance. While these high-profile disputes make for compelling stories, they represent just one component of a broader and more significant trend: the rise of liability management exercises (LMEs).
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