Participants in asset backed securities, whether it be the issuer itself, the originator in an RMBS transaction, the servicer in a CMBS, the manager of a CLO or a class of noteholder frequently find the process of implementing a waiver or an amendment to the transaction documentation to address an unexpected event such as those outlined above more challenging than expected. (nortonrosefulbright.com)
Freshfields won the award for Banking, Finance or Restructuring Team of the Year, which was sponsored by Cantab Asset Management, for its work for noteholders on New World Resources» (NWR) $ 775m debt restructuring. (legalweek.com)
REUTERS - Sep 18 - FriendFinder Networks had struck a deal with noteholders that will reduce its debt by $ 300M. (onlinepersonalswatch.com)