So, what happens to companies with outstanding capital markets debt, or equity-linked capital markets debt, when a worsening economic environment puts pressure on their ability to adhere to the provisions of such borrowings
Liability Management
Liability management is the collective name for techniques companies employ to restructure their capital markets debt before any terms are breached. Broadly, there are four main techniques
- open market purchases
- consent solicitations
- tender offers
- exchange offers...
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