Americas Core Credit: Illusory Protections in Credit Agreements (Jan. 7, 2022)

Featured this week: Purdue, PBF Energy, SmileDirectClub and Puerto Rico. And deep dive, Peter Washkowitz and Julian Bulaon, from our America’s Covenants team, join David Zubkis to discuss the continuing erosion of lender protections in credit agreements including voting protections, most-favored-nation rights, IP transfer prohibitions and restrictions on raising structurally senior debt. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial