On December 31, 2024, the U.S. Court of Appeals for the Fifth Circuit issued its long-awaited decision regarding the permissibility of the Serta Simmons Bedding (Serta) uptier liability management exercise (the 2020 Uptier)...more
1/9/2025
/ Appeals ,
Bankruptcy Code ,
Bankruptcy Court ,
Breach of Contract ,
Chapter 11 ,
Commercial Bankruptcy ,
Credit Agreements ,
Creditors ,
Debt ,
Debtors ,
Indemnity ,
Lenders ,
Liability ,
Loans ,
Remand
With 2023 characterized by record inflation, constraints in the syndicated lending environment and rising interest rates, credit funds were able to step in to provide flexible, tailored and relationship-based financing to...more
Key Points -
The 2nd Circuit is considering whether syndicated term loans—i.e., loans to corporate entities provided by a group of lenders, rather than a single lender—are “securities” under a U.S. Supreme Court decision...more
Executive summary
• Despite the COVID-19 pandemic, 2020 still saw robust private equity (PE) activity relative to historical activity, with well over 5,000 completed transactions even amid a drop in aggregate deal value...more
7/15/2021
/ Coronavirus/COVID-19 ,
Debt Financing ,
Debt Market ,
EBITDA ,
Fund Managers ,
Investment Management ,
Investors ,
Liquidity ,
Portfolio Companies ,
Portfolio Managers ,
Private Equity ,
Private Equity Firms ,
Private Equity Funds
COVID-19 has had an unprecedented effect on the entertainment industry, particularly compared to prior recessions. Studios have halted or delayed production on televisions shows and movies indefinitely, resulting in mass...more