Liability Management Webinar Series: Ep2. Drop-Downs
Date: October 29, 2025
Presenters:
Anthony P. Canale, J.D., Global Head of Research, Covenant Review
Scott Josefsberg, J.D., Head of U.S. High Yield Research, Covenant Review
Ian Y. Feng, J.D., Senior Director, U.S. Leveraged Loans, Covenant Review
Our three-part series will provide a comprehensive examination of the major LMT strategies employed in the market today, analyzing recent litigation outcomes, emerging transaction structures, and practical market responses. Gain critical insights to better identify risks in credit documents, understand potential recovery implications, and position yourself advantageously in today鈥檚 complex liability management landscape.
Ep2. Drop-Downs
- Drop-Down Mechanics:聽Comprehensive breakdown of value transfer strategies to non-credit parties.
- Structural Vulnerabilities:聽Identification of enabling provisions in credit documents that facilitate drop-downs.
- Investment Capacity Analysis:聽Analysis of 鈥淛. Crew Trapdoor鈥� baskets, free-flow-of-value provisions, and the 鈥淏lack Hole鈥� concept.
- Defensive Strategies:聽Discussion of 鈥淛. Crew blockers,鈥� 鈥淧luralsight blockers,鈥� and other market responses.
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Know More. Risk Better.庐
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