The recent turn in the credit cycle has featured more complex capital structures with multiple tranches of secured debt. For years, commentators have written about the proliferation of secured debt and considered how this would impact in-court and out-of-court restructurings.
Credit (Bid) Where Credit's Due
This two-part article focuses on two issues that are the subject of recent court decisions. Herein: a majority group of secured lenders under a credit facility "dragging along" the minority group into a credit bid under ' 363(k).
By
James H.m. Sprayregen, Christopher J. Marcus, David A. Agay And Benjamin J. SteeleThis premium content is locked for The Bankruptcy Strategist subscribers only
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