Clifford Chance

European bank and bond restructurings – a practical guide

20 May 2015

With European high yield default rates at historic lows, the structures that have developed over the last few years have been subject to only limited review in the context of a European restructuring. A number of European high yield transactions, however, have recently been and now are being carefully analysed from a restructuring perspective, both by existing creditors and new investors looking for opportunities. Clifford Chance has produced a guide which helps clients to navigate the increasingly complex area of restructurings when both high yield and loans are present, and below experts discuss European high yield’s idiosyncrasies and how those might play out in the event of a credit problem.

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