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Art Robinson, Patrick Ryan, Joe Kaufman and Jennifer Hobbs Author Article on Open Market Debt Repurchases During Coronavirus Pandemic

04.21.20

Partners Art Robinson, Patrick Ryan, Joe Kaufman and Jennifer Hobbs authored an article titled, “Open market debt repurchases – key considerations,” which was published by Thomson Reuters Westlaw. The article analyzed key considerations under U.S. law that borrowers, issuers, financial sponsors and other parties contemplating the repurchase of debt securities or loans should address in the wake of the coronavirus pandemic. It further highlighted that complex and unique issues surround each repurchase, and noted that they require a careful analysis of the underlying debt agreements, relevant securities laws, tax regulations, bankruptcy implications, corporate governance considerations, covenant compliance and, in certain cases, the agreements that govern the activities of funds established by financial sponsors, as well as potential litigation risks.

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