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No longer an esoteric distressed-credit concept, liability management transactions (LMTs) have become a common tool for restructuring debt obligations in increasingly complex credit markets. Understanding them in depth is more important than ever. This article dives into the latest data and trends to detail:
- The various types of LMTs
- The dynamics driving them
- Warning signs of at-risk companies
- Real-world examples
- The critical role a third-party agent can play

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.