Welcome to The Brink. I’m Reshmi Basu, a reporter in New York, where I’m looking at how out-of-court debt fixes will likely be reshaped by two rulings delivered on Dec. 31. We also have news on SBB, Altice France and Prospect Medical. Follow this link to subscribe. Send us feedback and tips at debtnews@bloomberg.net.
LME Mechanics
On New Year’s Eve, two separate US courts delivered rulings on the mechanics of so-called liability management exercises that could have far-reaching implications for cash-strapped companies and the way private equity backers execute debt restructurings.
LMEs have become ubiquitous in recent years as companies try to entice creditors ...
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