Credit Bids: A tactical tool for Lenders in distressed scenarios

Sandy Kinninmonth of FRP Advisory describes how credit bids, originally rooted in the US, have become a practical and increasingly used UK restructuring tactic for secured lenders, allowing them to acquire undervalued businesses or assets through enforcement by bidding their debt rather than cash, offering control, downside protection, and execution certainty where consensual restructurings or third-party sales fail.

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