Recently, a number of airlines have tapped into their frequent flyer programs to shore up liquidity during the COVID-19 crisis. The innovative hybrid financing structures used in these transactions allowed the airlines to leverage key intellectual property associated with their loyalty programs to raise financing at a critical time and at lower costs than would have been possible through a corporate debt issuance. Please join Mayer Brown lawyers Stuart Litwin, Gabriela Sakamoto, Jan Stewart and Adam Wolk for a discussion of some of the key components of these transactions and ways in which these structures could be used by other companies looking to leverage critical assets to raise capital.
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.