Pass the Guac, Do You Mind If We Double Dip This Chip?
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”).
Performing Issuers Should Take Advantage of the Current Market Window with Opportunistic Transactions
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.
Jefferies’ Jason Greenberg on Dealmaking in Uncertain Times
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.