Abbreviated Debt Tender Offers and Other Liability Management Developments

PLI Webinar

22 Jun 2015 01:00 p.m. - 02:00 p.m. EDT

Harrison Lawrence
(212) 336-4004

A recently issued SEC no-action letter provides for an abbreviated approach to tender offers and exchange offers involving non-convertible debt securities provided certain conditions are met. The new guidance may offer increased flexibility to issuers that are considering restructuring their liabilities. Issuers considering a restructuring also should consider recent court decisions related to the application of the Trust Indenture Act. The session will discuss:

  • Debt repurchases;
  • No-action letter guidance for debt tenders;
  • New guidance for tender offers not meeting the conditions of the no-action letter;
  • Consent solicitations and the Trust Indenture Act; and
  • Tax considerations in a restructuring.



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