Schulte partner Doug Mintz talks LMEs with Debtwire  

In a discussion with Debtwire for their article titled, “TMT liability management exercises scare creditors with dastardly terms,” Schulte Roth & Zabel partner Doug Mintz shared timely insights. 

The technology, media and telecom sectors are experiencing an uptick in LME activity with at least 11 companies conducting LMEs, including distressed exchanges or drop-downs, according to Debtwire. Advisers and investors predict more such transactions, with about 20 firms considered potential candidates, and several creditor groups already established. 

Doug forecasts future impacts to the industry stating, “I see more LMEs coming in telecom and the TMT world. There’s a lot of debt that's coming due, a lot of companies that are underperforming, and capital structures that probably need refurbishing.” 

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