Debtor-in-Possession Lending: Why Loans Should Be Made to a Bankrupt Company

Thursday, December 11, 2008
8:00 a.m. - 8:30 a.m. PST
10:00 a.m. - 10:30 a.m. CST
11:00 a.m. - 11:30 a.m. EST
4:00 p.m. - 4:30 p.m. GMT

Given the turbulent state of the financial markets, numerous companies are seeking Chapter 11 bankruptcy protection. There are many solutions for companies to continue their operations and for creditors to secure their interests. One option is the creation of a debtor-in-possession facility ("DIP"). While traditional DIP facilities are common, in the current economic environment, Mayer Brown has been a leader in establishing innovative, cutting edge solutions to assist creditors through bankruptcy proceedings.

Please join us for the next 30-minute teleconference in our continuing series. Topics to be addressed include:

  • Benefits of providing loans to companies seeking bankruptcy protection
  • "Offensive" verses "Defensive" DIP loans
  • Availability and requirements for obtaining validly perfect liens and superpriority claims
  • DIP lending and securitization facilities: How a bankruptcy remote structure can be harmonized with a DIP loan

Mayer Brown's Global Financial Markets Initiative helps clients deal with the legal and business challenges resulting from the ongoing turbulence in worldwide financial markets. By mobilizing the firm's global resources from multiple practices and offices, the Initiative provides clients with knowledgeable and timely counsel on a broad spectrum of their legal needs.

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For additional information, please contact Megan Filotto at or +1 312 701 7264.

Visit Mayer Brown's Financial Market Distress - Resources site for a compilation of links to the latest documents issued by regulatory and other governmental agencies worldwide, and additional commentary by Mayer Brown. Please bookmark it and check back often to stay informed on this rapidly evolving situation.