Incora / Wesco
Majority noteholders and the issuer amended the indenture to issue new notes to the majority, diluting a minority below its one-third blocking stake, then completed the first uptier of secured bonds. Gave its name to the Wesco/Incora blocker.
Discussed in Liability Management Exercises: Law and Practice at ¶¶ 2.91, 2.159, 6.15, 6.26, 7.74–7.76, 7.84, 7.99, 10.31, 10.37–10.38, 10.51, 20.49, 20.101, 23.115–23.119, 23.121, 23.127, 23.154.