Weekly News – May 12
2023 Restructuring Symposium
waitlist available for a short time
“Envision Blocker” back in the news
2022’s slate of aggressive LMEs included the Master Class from Envision Healthcare
A J. Crew-like transfer of valuable assets to unrestricted subsidiaries with Serta-like multi-layered uptiering transactions and other non-pro rata debt exchanges brought fears to lenders eyes and the coining of a new phrase: the “Envision blocker”
Aptly summarized by our friend Max Frumes @LevFinInsights here:
Envision just another road to nowhere
Will Envision’s demise be a clarion call or will it merely provide the roadmap for more aggressive LME transactions?
Monitronics to (re)-join chapter 11 club
Is something amiss here?
Creditors fight back
co-op agreements back in the fray
Loading up for violence?
Riverbed exploring BK
Grudge match continues over tax refunds
Bitcoin DIP loan
What we’re watching
In other news
Goldman anticipates strong 2023 earnings
no recession here!
Read our recent coverage:
Where Are We In The Credit Cycle?
Read our recent coverage: Contributor Cliff White on Examiners
Look out for more great features from our Contributors
Have something interesting to share?
email us at [email protected]
May 16: **NEW EVENT** IMN: Real Estate Mezzanine Financing & High Yield Debt Forum
May 16: LSTA & Deal Catalyst: Annual CLO Conference
May 18: LSTA/LMA: Joint NY Conference
May 23: NCBJ/ABI: Behind the Bench: Crypto Bankruptcies: Thinking Through Emerging Issues and Cross-Border Cases
May 24: ABI: New York City Bankruptcy Conference
May 27: SAVE THE DATE: Creditor Rights Coalition & LSTA 2023 Restructuring Symposium