The Securities and Exchange Commission (SEC) has approved a proposal by the New York Stock Exchange (NYSE) to facilitate listing on the NYSE without a prior underwritten public offering.

This month's issue of Debt Dialogue addresses recent developments and recurring issues that debt-focused investors commonly encounter in connection with enforcement of rights...

This issue address handover of records to a substitute collateral manager, the EU bail-in rules, the interplay of Section 3(c)(7) of the Investment Company Act and rights of debtholders as well as other matters.

On Jan. 17, the U.S. Court of Appeals for the Second Circuit vacated the decision of the District Court for the Southern District of New York in Marblegate Asset Management, LLC v. Education Management Finance Corp., finding that Section 316(b) of the Trust Indenture Act (TIA) "prohibits only non-consensual amendments to an indenture's core payment terms."

A recent decision in New York State Appellate Court demonstrates what can go wrong when an issuer attempts to correct what it asserts to be an ambiguity or defect in an indenture without a noteholder vote.

Change-of-control provisions in high-yield indentures typically define beneficial ownership by reference to Rule 13d-3, promulgated under Section 13(d) of the Securities Exchange Act of 1934 (the "Exchange Act").

A recent case out of the Southern District of NY calls into question a view widely held among leveraged finance professionals regarding the interpretation of the terms financing and refinancing...

On May 20, 2016, the New York Federal Reserve Bank's Alternative Reference Rate Committee released an interim report announcing its preliminary recommendations on a replacement for LIBOR...