Restructuring high yield bonds: UK and US overview

This note provides an overview of the key features of high yield bonds issued in the UK and in the US, and the principal issues to be considered in the context of a corporate debt restructuring involving high yield bond obligations. These include the main differences between New York and English law governed bond documentation and related legal and regulatory issues.

Based on an article originally written by Andrew Wilkinson and Andrew Lucas, revised and maintained by PLC Restructuring and Insolvency


 

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