
Davis Polk's Tsiouris on Next LME Act: State of Distressed Debt
'I don't think that we've seen the full potential of these deals... What we are going to see … in the coming years [is] sponsors and companies actually needing to execute on these third-party deals,' said Natasha Tsiouris, a partner at Davis Polk, about keeping the threat of the 'deal away' alive in evolving liability management transactions. Tsiouris, in a conversation with Bloomberg Intelligence analysts Negisa Balluku and Phil Brendel at the Wharton Restructuring & Distressed Investing Conference, shared her perspective on the future of liability management, the mounting pressures on the 'deal away,' the shift toward lender consensus and the arrival of private credit restructurings.
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