Akin financial restructuring partner Liz Osborne has been quoted in Legal Business article A new era of stress: Perspectives from City restructuring partners and what to expect from 2024. The article explores some of the key themes of restructuring in 2023 and looks ahead to the coming year.
Reflecting on the activity of the past year, Liz said, We have seen a number of amend & extend (A&E) restructurings, which will probably continue to an extent for some time. However, the interest rate environment, when coupled with over-leveraged balance sheets, means there will be some situations where an A&E is not feasible and a more holistic solution is needed.
The article cites, as a prevailing theme for the year, a rise in challenges to res…
Read the full article at: https://www.akingump.com/en/insights/media-mentions/liz-osborne-quoted-by-legal-business-on-industry-trends-for-restructuring