As liability management exercises (LMEs) grow increasingly complex, Selendy Gay partner David Coon offered insights in Asset Securitization Report on the coercive tactics borrowers and lead lenders are using to marginalize smaller creditors.
“Either you take this poor offer or you're left out entirely,” said Coon, describing how multi-tiered deal structures are pressuring lenders to accept disadvantageous terms or forfeit their rights.
Selendy Gay represents minority lender groups in high-profile LME disputes, including Better Health, Lionsgate, and STG Logistics. Coon details how recent amendments to credit agreements are stripping lenders of legal protections and deterring challenges.
The full article is available via Asset Securitization Report: “More complex LMEs continue to turn screws on lenders” by John S. Hintze.
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