Partner Maura O’Sullivan and counsel Benjamin Cheng (both New York-Finance) published an article, “Term Loans and High Yield Bonds: Tracking the Convergence,” in the July/August 2012 issue of PLC’s Practical Law The Journal.

The authors note that certain syndicated term B loans and high yield bonds, which historically have been two separate asset classes, are converging, and “term loan investors and arrangers (and their counsel) should understand the implications, consider their rights as creditors and reputation as arrangers, and translate the risk factors into their pricing and decision-making.”

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