Creditors facing liability management exercises are increasingly joining majority ad-hoc groups or inclusive cooperation agreements to protect their interests, according to a recent Debtwire article.
Business restructuring partner Natasha Hwangpo explains the evolving dynamics of creditor groups in response to liability management exercises.
“Creditor groups are forming earlier on in the process, and further out to maturity and signing up to these co-ops, which are getting more and more rigorous,” said Natasha. “Because of that, I think that pushes the company to start thinking about LMEs earlier and earlier.”
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