Deals

It is common for highly levered sponsor-backed companies with liquidity needs and/or upcoming maturities to engage in liability management exercises, which often includes creating a new priming tranche of secured debt (an “Uptier”) or transferring assets out of the secured collateral package (a “Drop Down”).

Due to strong market fundamentals and lack of historical new issue supply, companies should take advantage of the market window through refinancing, repricing, and dividend transactions.

Jason Greenberg, Co-Head of Global Technology, Media, and Telecom Investment Banking, shares insight into the current investment landscape and the challenges associated with dealmaking.