The Latest In Exit Financing Structures

Law360, New York (May 19, 2011, 3:20 PM EDT) -- Obtaining exit financing is often a significant challenge for a debtor in a Chapter 11 case and can delay or jeopardize a debtor’s reorganization. With the high-yield markets as active as they are right now, favorable financing is available for parties who can access it. However, debtors entering bankruptcy without exit financing run the risk that the financing markets will deteriorate while they are working through the Chapter 11 process.

In response to this dilemma, the markets have developed a financing structure that allows debtors to...
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