Are Distressed-Debt Exchanges More Likely To Avert or Delay a Bankruptcy?

This article from ABI Journal was first published on August 1, 2024. The entire publication is available at: https://www.abi.org/abi-journal/are-ddes-more-likely-to-avert-or-delay-a-bankruptcy

Distressed-debt exchanges (“DDEs”) have existed for several decades in various forms, but have never been more prevalent and relevant in restructuring circles as they are today. Also referred to as distressed-debt restructurings, out-of-court restructurings or workouts, DDEs consistently account for approximately one-half of all rated debt default events in recent years.

In this American Bankruptcy Institute (“ABI”) Journal article, Chuck Carroll and John Yozzo discuss the increasing prevalence of DDEs as default events in recent years and evaluate the relative likelihood of companies completing a DDE to engage in a subsequent distressed exchange and/or a bankruptcy filing.

Reprinted with permission from the ABI Journal, Vol. XLIII, No. 8, August 2024.

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Published

August 23, 2024

temp Key Contacts

Chuck Carroll

Senior Managing Director, Leader of Senior Lender Advisory

John Yozzo

Managing Director

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