Coronavirus: Leveraged Finance - Key considerations in respect of debt buybacks and other liability management transactions
25 March 2020
The Coronavirus (COVID-19) pandemic continues to significantly impact global markets, resulting in price reductions for high yield bonds such that many of those instruments are now trading below par, some significantly so.
As mentioned in our "Coronavirus: Leveraged Finance – Immediate Financing Considerations for Financial Sponsors, Underwriters and Debt Investors" briefing, debt buybacks and other liability management options are on the minds of a number of financial sponsors, issuers and investment banks.
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