Sprayregen on Restructuring Landscape: State of Distressed Debt
Don’t expect “gentlemanly” behavior from corporate boards under financial stress, says Hilco Global’s Vice Chairman James H. M. Sprayregen, as they should consider exercising all the rights available to them under credit agreements to maximize enterprise value. Bloomberg Intelligence’s Phil Brendel and Negisa Balluku speak with Sprayregen, who founded Kirkland & Ellis’s restructuring practice more than three decades ago, in this episode of BI’s State of Distressed Debt podcast. They talk about those early days at K&E, his new role at Hilco Global, the jousting among lenders and debtors, the…
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