Once an arcane corner of the capital markets, liability management exercises (LMEs) have become a mainstream restructuring tool. Of course, LMEs are not available to every borrower — the ability to ...

Once known for aggressive tactics and subsequent litigation, liability management exercises are becoming increasingly commonplace and benign. LME practices break down barriers between finance and ...

In late 2023, Vedanta Resources was on the brink of default, but the combination of a well-crafted loan facility and liability management exercise dispelled concerns about the company’s ability to ...

In their Financing column, Jeffrey B. Steiner and Jason R. Goldstein discuss limiting the scope of a guarantor's liability upon a mortgage lender's exercise of remedies and offer a sample provision ...

Brazil closed a rare R$3 billion ($1.6 billion) global real-denominated bond on April 17 as part of a liability management exercise that attracted an order book of more than R$5 billion. The sovereign ...

Distressed Hong Kong builder New World Development Co. said it isn’t undertaking a liability management exercise in relation to its perpetual bonds or other debt securities, according to an exchange ...

THE ROYAL BANK OF SCOTLAND GROUP PLC ANNOUNCES PROPOSED LIABILITY MANAGEMENT EXERCISE The Royal Bank of Scotland Group plc ("RBSG" and, together with its subsidiaries, the "Group") announces that ...

On December 31, 2024, the Fifth Circuit Court of Appeals (the “Court”) struck down the controversial 2020 “uptier transaction” executed by Serta Simmons Bedding (“Serta”). The Serta case and several ...

Kitchen and bathroom accessories group Norcros has reduced its scheme deficit by £1.7m through a series of liability-management exercises, as pension funds see a further deterioration in funding ...

LONDON, Jan 19 (IFR) - Romania is considering a liability management exercise on its US dollar-denominated debt, a ministry of public finance official said on Tuesday. Sign up here. "We might ...