Covenants: Implications of Recent Uptier Exchanges on the Loan Market(Nov. 10, 2020)

In the latest installment in our Covenant Conversations podcast, Peter Washkowitz and Shweta Rao, the heads of the covenants products at Reorg, discuss the current state of the super priority uptier exchanges recently consummated by Serta Simmons, Trimark and Boardriders; arguments taken by minority lenders to challenge these transactions; and the implications for the leveraged loan market should these cases be litigated. If you're not already a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial.