Podcast: The Impact of Equity Issuances, IPOs and SPACs on Companies’ Flexibility Under Debt Documents
Mon Mar 1, 2021 8:48 pm Covenants Analysis

Each episode of Reorg’s weekly podcast series, released Friday afternoons, features a look back at highlights and top stories from the previous week and a preview of what’s to come in the week ahead, followed by a deep dive on issues and companies in the distressed and high-yield space. This week, Peter Washkowitz, head of Americas Covenants, takes a deep dive into the impact of equity issuances, IPOs and SPACs on companies’ flexibility under debt documents. 

The deep dive talks through how proceeds from equity issuances and cash contributions flow through debt documents and how those amounts could potentially significantly increase a company’s ability to incur debt and liens, pay dividends or make investments including transfers to unrestricted subsidiaries. Click through to listen to the full episode on Apple Podcasts, SoundCloud or Spotify.  

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