Ubiquitous to debt agreements, make-whole provisions are designed to give lenders the benefit of their bargain if a borrower redeems the debt early. Such provisions and other forms of “call protection” might be enforceable outside of bankruptcy, but once a borrower files for chapter 11 the rules change. For decades, bankruptcy practitioners and courts have…

Moody’s Ratings US CLO & Leveraged Loan Conference is a marquee annual event for the leveraged finance community, held at Moody’s global headquarters at 7 World Trade Center in New York. Now in its second decade, the 2026 conference will convene nearly 200 CLO managers, institutional investors, researchers, underwriters, and senior Moody’s analysts for an…