August 21, 2019

Liability Management Transactions: Debt Repurchases & Exchanges




Issuers in a range of industry sectors may, from time to time, evaluate potential liability management transactions, which can range from debt repurchases to tender or exchange offers. As issuers evaluate their LIBOR-based exposures in light of the phase out of the benchmark rate, many are considering the possibility of a consent solicitation. In some cases, no-action letter relief may provide issuers and their advisers with greater flexibility for tender offers for non-convertible debt securities, including non-investment grade debt securities.

During this webinar, we will cover:

  • Disclosure issues and handling material non-public information;
  • Structuring repurchases to avoid the application of the tender offer rules;
  • The tender offer rules;
  • No-action letter relief for non-convertible debt securities;
  • Consent solicitations;
  • Court decisions relating to the Trust Indenture Act; and
  • Accounting and tax considerations.

For more information, please visit the event’s website.

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