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Entries tagged “make-whole”

Second Circuit Opines on Cramdown Interest and Make-Whole Premiums

insights Second Circuit Opines on Cramdown Interest and Make-Whole Premiums Douglas J. Schneller · November 13, 2017

Creditors, secured lenders and debtors take note: the United States Circuit Court of Appeals for the Second Circuit has spoken on how to determine the appropriate “cramdown” interest rate for replacement notes issued to senior lien holders, and whether noteholders were entitled to the “make-whole” premium under the indenture. Read the details and potential ramifications here.…

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