The Levers of Control: Lenders Tightening Their Grip on Failing Firms Lenders are increasingly structuring deals that give themselves more influence over troubled companies and potentially an easier path to taking control in times of financial distress.
This trend has been playing out behind the scenes as investors capitalize on lessons learned from past defaults.
Recent cases involving Tailored Brands, LATAM Airlines, and Aeroméxico demonstrate how lenders are using sophisticated deal making to gain more control over their investments.