Partner Joshua Thompson
(New York-Finance) published an article, “How Traveling Structures Work in Leveraged Finance,” in Law360
on January 4. Traveling structures, described by the authors as “aggressive structures not seen since the leveraged finance bull market of 2006,” have recently entered the market. The article notes that these structures “carve out a permitted change of control, i.e.
a pre-baked approval for a post-closing sale of equity to eligible permitted purchasers, subject to satisfaction of certain conditions.”
View the article, "How Traveling Structures Work in Leveraged Finance"