The coronavirus pandemic has had an unprecedented impact on many businesses, including those with outstanding high yield bonds. The incurrence covenant regime (and absence of any maintenance covenants) means that, provided...more
The White & Case Capital Markets team updates its March 2018 publication on bond repurchases given the current environment where issuers may consider whether, if their bonds are trading at a discount to par, they should...more
3/30/2020
/ Bond Issuers ,
Bonds ,
Buyback Programs ,
Capital Markets ,
Coronavirus/COVID-19 ,
Creeping Tenders ,
Disclosure Requirements ,
EU ,
EU Market Abuse Regulation (EU MAR) ,
Offerors ,
Repurchases ,
Rule 144A ,
Securities and Exchange Commission (SEC) ,
Threshold Requirements ,
Wellman Factors
An issuer of high yield bonds is subject to a number of different ongoing reporting obligations, some of which are contractual and some of which are regulatory. As part of the transaction process, issuers should take these...more