American Tire: Rubber Hits the Road in Non-Ratable Chapter 11 Liability Management Transaction
By EsqSocial Corporation 11/03/25
Minority senior secured lenders in syndicated deals rely on, among other provisions, the "sacred right" protections contained in the credit documents to protect the benefit of their bargained-for agreement: primarily, that they will remain in a senior secured position and enjoy payments and distributions ratably....
By: Holland & Knight LLP