Jun 8
Bloomberg highlights $165B distressed debt opportunity from failed corporate restructurings
➤ Bloomberg reports a $165 billion opportunity in distressed debt arising from failed out-of-court corporate restructurings (Liability Management Exercises - LMEs). ➤ These LMEs, intended as alternatives to bankruptcy, have backfired, leaving companies and creditors in worse positions. ➤ This situation is creating a burgeoning secondary market for distressed debt investors and may lead to more companies opting for formal bankruptcy in the future.