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Podcast: Octus Radio
Episode: Covenants: Companies Hunt for Additional Liquidity, Creditors May Get Subordinated (June 16, 2020)
Description: In this episode, the Covenants by Reorg team discusses the Serta controversy and how Apollo seeks to block the company from creating “first-out,” “second-out” and “third-out” tranches, three ways to bring in new money through super senior debt and how provisions in debt documents can be creatively employed to subordinate existing creditors.
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