Liability management exercises · defined & tracked

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Pluralsight

July 2024 · US · Dropdown

A drop-down to a non-loan-party subsidiary that was not unrestricted, avoiding a J.Crew-style blocker. Gave its name to the Pluralsight blocker.

Discussed in Liability Management Exercises: Law and Practice at ¶¶ 2.91, 7.13, 7.19–7.23, 7.95, 21.72.