Liability management exercises · defined & tracked

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Lexicon

Consensual LME

Transaction type

An LME that depends on amending the existing debt documents with the required majority of creditors, as in an uptier. The label describes how the documents permit the deal, not its structural result.

This term is used and defined in Liability Management Exercises: Law and Practice.

Discussed at ¶¶ 2.34 of Liability Management Exercises: Law and Practice.