All eyes on creditor-on-creditor violence, after Boardriders up-tiering decision
Credit: shutterstock/ Ralf Liebhold
US lawyers are watching a burgeoning trend for creditor-on-creditor violence closely, after New York Supreme Court allowed minority lenders to challenge a clothing brand’s priming transaction, which subordinated their debt to a new super-priority facility following allegedly secret refinancing negotiations.
To read more
Subscribe to Global Restructuring Review
Register for limited access
Register to receive our newsletter and gain limited access to subscriber content.
Register now
Subscribe to unlock unlimited access
Get news, unique commentary, expert analysis and essential resources from the Global Restructuring Review experts.
Subscribe now