2025 Restructuring Discussion | Liability Management Exercises

Welcome to the CreditSights Restructuring Discussion Webinar! [Please note: This webinar was broadcasted on July 23rd 2025]
In this webinar, we dive deep into the evolving landscape of liability management, leveraged loans, and restructuring in 2025. Our experts explore key shifts in loan market dynamics, the impact of CLOs, sponsor strategies, legal trends, and the latest in covenant analysis. Join Ian Feng and Dan Kamensky as they provide crucial guidance for navigating today's complex credit environment, equipping participants with the tools needed to anticipate market developments and make informed decisions in an increasingly challenging financial landscape.

Speakers
• Ian Feng, Senior Covenant Analyst, Covenant Review:
Ian is a leading expert in leveraged finance documentation and covenant analysis, providing actionable intelligence to institutional investors and market participants.
• Dan Kamensky, Founder, Board Member, Attorney and Educator, Creditors Rights Coalition:
Dan is a prominent restructuring attorney and advocate for creditor rights, with a deep track record advising on distressed debt, bankruptcy, and market best practices.

Timestamps
00:00 - Introduction
02:40 - Market Shifts in Lending
04:54 - Rise of CLOs
06:25 - Sponsor Dominance in Loan Market
07:19 - Changes in Fiduciary Duty Analysis
09:10 - Covenant Light Loans Evolution
13:58 - Perry Passu Provisions
16:22 - Concentration of CLOs
19:57 - Distressed Exchanges Dominating Defaults
25:26 - Participating vs Excluded Lender Recoveries
30:00 - Process Control in LMEs
36:20 - Creative Documentation Interpretation
42:12 - Blocker Provisions Analysis
45:17 - Pre vs Post LME Documentation
48:56 - Effectiveness of Blocker Provisions
54:14 - Better Health Exception
57:54 - Treatment of Holdouts
01:00:14 - Audience Q&A
01:04:44 - Conclusion & Key Takeaways

Related Resource:
Unlock exclusive analysis: U.S. Liability Management Transactions: Quarterly Update Through Q2 2025
Insights into the evolving landscape of U.S. liability management transactions through Q2 2025—exploring key trends, structural innovations, legal developments, and market impacts shaping corporate debt restructuring
Read the full article here: https://know.creditsights.com/insights/u-s-liability-management-transactions-quarterly-update-through-q2-2025/?utm_campaign=9769641-2025%20-%20Bond%20Desk%20Growth&utm_source=youtube&utm_medium=social&utm_term=youtube%20gated%20content&utm_content=U.S.%20Liability%20Management%20Transactions%3A%20Quarterly%20Update%20Through%20Q2%202025

Connect with CreditSights
· Website: https://know.creditsights.com/
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Видео 2025 Restructuring Discussion | Liability Management Exercises канала CreditSights