Shearman & Sterling LLP multinational law firm headquartered in New York City, United States.

balance scale

Jan 24, 2013

How Traveling Structures Work in Leveraged Finance

Subscribe

Jump to...

 
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"

Authors and Contributors

Joshua Thompson

Partner

Finance

+1 212 848 8703

+1 212 848 8703

New York

Practices