Andrew Sagor, Co-Chair of the North America Leveraged Finance Practice, joins Debtwire senior legal analyst Rich Goldman to discuss liquidity enhancement alternatives for issuers in the COVID19 era. Listen here
The current COVID-19 market environment presents unique circumstances to companies and investors who may, as a result of the tumultuous markets and the financial and personal effects of COVID-19, have opportunities to acquire distressed businesses at potentially depressed prices. Particularly in this market environment, though, one or more of the following scenarios may apply: The target needs to consummate a sale quickly because the target’s cash resources are dwindling. The buyer wonders whether the distressed…