Enforcement of mezzanine / senior debt
Gents - I’m looking for precedents of enforcement cases (in any European country / US / Aus) to see how senior lenders and mezz providers have fared in these situations. Does the intercred really hold true, or is everything blown wide open and re-negotiated? Do senior lenders really recover all their pieces and junior lenders take write downs?
Happy to hear any thoughts and please share any case studies if available. Thanks all!
Associate 2 in CorpDev, hey, look at the bright side, at least you didn't get a ton of monkey shit thrown at you...here is my best guess on threads that might be helpful:
More suggestions...
Hope that helps.
Bump
Things are not "blown wide open and re-negotiated". If the intercreditor agreements didn't work then I don't think there would be jr lending anymore
That being said, there are usually holes in documents / security packages to investigate
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