Shearman & Sterling Attorneys Author Article on Recent “Double Dip” Liability Management Transactions

Shearman & Sterling partners Michael Chernick, Sara Coelho, Kevin Heverin and Shameer Shah, and associate Magnus Wieslander, have authored an article in the latest edition of Butterworths Journal of International Banking and Financial Law (JIBFL).

In the article, the authors outline the basic elements of a double dip transaction with a look at recent case studies. They then provide a step-by-step covenant analysis with considerations for lenders, including US and European perspectives.

Published 11 times a year, JIBFL is an authoritative monthly journal that provides the latest information on developments in banking and financial law & practice throughout the world.

Read the article, “Dipping over here and dipping over there: lessons learned from recent double dip transactions.”