Shearman And Sterling

Private Capital, business meeting, financial charts

Apr 09, 2020

COVID-19 Insights Series: Leveraged Finance

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APR 09, 2020

COVID-19 INSIGHTS SERIES: LEVERAGED FINANCE

Webcast

On this call, partners Michael Chernick (New York-Finance), Marwa Elborai (London-Capital Markets) and Merritt Johnson (New York-Capital Markets) will discuss the state of the European and U.S. leveraged finance markets from both bank lending and capital markets perspectives, including:

  • The economic slowdown accompanied by the COVID-19 outbreak and potential signs of life in the European and U.S. leveraged finance markets;
  • Developing key themes including liquidity issues, syndication of existing commitments, covenant compliance and events of default; and
  • Debt buybacks as an efficient way to de-leverage versus the desire to maximize liquidity during a time of crisis