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Hold onto their ankles and start brushing up on restructuring materials
Playing xbox and drinking spiked coffee
This. Very little is going on right now (obviously depending on where and what group). But, most people are re-kindling with their inner college self of booze and video games.
Dunno, but I'm highly comfortable w/ my job security at the moment.
There's this little thing called activism & defense within classic M&A work. More broadly, people are concerned about liquidity, so firms are having discussions about short-term liquidity and whether drawing / putting a revolver in place makes sense (to the extent the company has the ability to do so). Plenty of dry powder out there, so if companies need capital, private placement markets are open for business, too, albeit with very onerous terms and getting structured as senior notes plus warrants, but if it's needed for survival, then it's what companies will end up taking.
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