Distressed Debt and Exclusivity

In our first edition of Advanced Distressed Debt learning / knowledge base, we discussed negative pledges. In this post, we will discuss the issue of exclusivity.

The exclusivity period is the period after the bankruptcy petition date in which only the debtor can file its Chapter 11 plan. This is advantageous in that the company can work out its own version of how it sees fit in financing itself going forward - without creditors pressing for actions / solutions that may peril the debtor, but also peril the debtor's management team.

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We are actively involved in this credit, please call or email Peter Aman for current market prices and/or more information about this situation.

We are also active in many other high yield and distressed corporate bonds.

Peter Aman

PAman@aps-financial.com

800-248-0630