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Intercreditor Distressed Disposal Provisions: Pragmatic Decision Provides Certainty for Stakeholders | Katten Muchin Rosenman LLP

Published: September 27, 2023

Investors in LMA-based intercreditor agreements (ICA) should be reassured by the commercial approach recently taken by the High Court in construing the "Distressed Disposal" provisions...

Source: jdsupra.com

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Frank KebekusHigh CourtBidco Instructing GroupGalapagos GroupLoan Market AssociationCourt DecisionDistressed DisposalsDistressed DisposalReinvesting NoteholderNew NotesReinvesting NoteholdersSecurity AgentInstructing GroupPrimary CreditorsPrimary CreditorFinancial AdviserReinvesting NoteholdersIntercreditor AgreementLeveraged Finance Transactions