Eric Wise

September 16, 2022 | New York Law Journal

Recent developments in the credit markets and in restructuring practices have led to priming financings and non-ratable roll-ups of commercial credit agreement lenders into uptiered facilities in connection with out-of-court balance sheet restructurings.

By Eric Wise

8 minute read

February 16, 2009 | National Law Journal

The liquidity crunch, withdrawals from hedge funds and deteriorating traditional lender balance sheets have helped drive debt-trading prices to unprecedented lows. These low prices for debt — overselling, perhaps — have created opportunities to unlock value either by using balance-sheet or sponsor/equity cash to repurchase debt at deep discounts to face value. Capitalizing on these opportunities often comes at a price, however, and a variety of legal and economic pitfalls can confront both the repurchasing issuer and creditors that benefit from the buyback.

By Matthew J. Williams, J. Eric Wise and Jeffrey Trinklein / Special to the National Law Journal

11 minute read