Loan Workouts and Debt for Equity Swaps
Author
Subhrendu Chatterji
, David Havelock
, Paul Hedges
The importance of corporate rescues has grown dramatically, as lenders increasingly look for ways of restoring viable companies to health. The need for a successful strategy on loan workouts has been highlighted in recent years with problems not only in the old Eastern Block countries but the East Asia crisis and most recently Japan.