Liability management transactions (LMTs) have become increasingly common among private companies and sponsors given the turbulent financial markets of recent years. While they offer borrowers a way to restructure their capital, they are often created without the full support of current creditors. What are the various types of LMTs? How do they impact recovery rates post-bankruptcy? In this article, we review LMTs, including:
- What LMTs are
- How they work
- Types of LMTs
- Dropdown and Uptier transactions
- LMT Recovery
- And More
Renee is the Managing Director of Loan Agency at SRS Acquiom. Based out of Minnesota, she manages the company’s Loan Agency department.
Before joining SRS Acquiom, Renee served as an administrative vice president at Wilmington Trust, N.A., most recently leading the loan agency and restructuring products. In addition to her 10 years at Wilmington Trust, she also worked at Wells Fargo Bank, N.A. in both the corporate trust and shareholder service departments.
Renee received a J.D. from Mitchell Hamline School of Law, a B.A. in History and Political Science from Azusa Pacific University and is a member of the Minnesota Bar.