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Not Your Daughter's Jeans

May 2017 · US · Uptier · Litigation

Lenders holding about 53% of its loans agreed back-to-back amendments creating a super senior facility held only by themselves, priming the rest. An early uptier of syndicated loans after Marblegate.

Discussed in Liability Management Exercises: Law and Practice at ¶¶ 2.91, 2.157, 6.14, 20.55.