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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
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Renee Kuhl
Managing Director, Loan Agency tel:612-509-2323
Renee is the managing director of the SRS Acquiom Loan Agency Group. With more than 15 years of experience as administrative and collateral agent on loan transactions and more than ten years managing teams in loan agency and restructuring products, she is an accomplished financial industry professional and leads the loan agency business globally.
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 for Wells Fargo Bank, N.A. in the corporate trust and shareholder services departments.
Renee has a Juris Doctorate from Mitchell Hamline School of Law in Minnesota, and a B.A. in political science and history from Azusa Pacific University in Azusa, California.