Private Credit Deep Dives – What to do following an Event of Default in a consensual setting

Daniel Hendon and Andrew Surgey of Proskauer examine the recent increase in events of default arising from financial underperformance, considering the perceived “hierarchy” or “quality” of events of default and whether some are more actionable than others, and explore options available to lenders in a consensual setting when an event of default arises from financial underperformance.

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