Hunter-gatherer LME

Transaction type · also called hunter-gatherer transaction

A third-party investor buys a company's discounted unsecured or subordinated debt in the secondary market, then exchanges it bilaterally with the company for new senior secured debt under a pre-agreed structure.

Associated with Ardagh (2024)

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

Discussed at ¶¶ 18.8–18.16 of Liability Management Exercises: Law and Practice.