Fri 07/07/2023 10:25 AM
So-called double dip-financings - in which new-money creditors seek to maximize their recovery by establishing multiple independent claims against a borrower’s organizational and capital structure - have emerged as the latest trend in liability management.
As previously reported by Reorg, recent examples of double-dip financings include the new 11.5% secured notes due 2028 issued by a nonguarantor restricted subsidiary of the home furniture retailer
At Home Group and the new term loan...
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