The Corporate Debt Market and Credit Derivatives - 2009

Presented at the American Bar Association Section of Business Law Spring Meeting, April 2009

04/01/2009

This article includes topics presented in a Program and Panel Discussion at the American Bar Association Section of Business Law Spring Meeting: 27th Annual Review of Developments in Business Financing.

Topics include:

  • The Top Ten – Credit Crunch is #1
  • Rates are High and “Covenant Tight” Replaces “Covenant Light”
  • The Credit Markets are a Market and the Stock Market is a Sideshow
  • A New Risk for Borrowers – Defaulting Lenders Fail to Fund under Corporate Lines of Credit
  • Survival Strategies During the Credit Crunch: Restructuring by Repurchase or Exchange of Debt
  • Credit Default Swaps
  • Market Disruption Clauses in Credit Agreements
  • Market-Based Pricing for Loans - Pricing Based on CDS
  • Hybrid Securities
  • Investing in Distressed Debt and Other Distressed Assets 

The complete article appears in the PDF below.

Related Practices

Email Disclaimer