Deal Away LME

Transaction type · also called deal-away transaction

An LME implemented through capacity already in the debt documents, such as investment, debt and lien baskets, without any amendment or consent from existing creditors.

Associated with iHeart and Claire's Stores (2015–2016)

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

Discussed at ¶¶ 2.19, 2.34 of Liability Management Exercises: Law and Practice.