The following Restructuring & Insolvency practice note Produced in partnership with South Square and BDO LLP provides comprehensive and up to date legal information covering:
Bondholders (sometimes also known as noteholders) have generally invested in a company’s most junior—and hence risky—debt. In a distressed situation, they will often become a pressure group, which will come together to try to extract some value from a restructuring by presenting a unified view to the debtor’s advisers and other stakeholders, including the senior lenders (see Practice Note: Bonds and notes for further details).
Bondholders will frequently be part of a complex capital structure.
The bondholders’ committee will generally be organised by either the indenture trustee for the bonds or a lawyer specialising in representing the interests of junior creditors.
The committee can also be known as:
A committee is formed as part of a restructuring process rather than a formal i
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