The Upgrade: Envision Healthcare Completes Two Major Restructurings in 100 Days

Loan investors are becoming increasingly concerned about the risk of aggressive out-of-court restructurings, given weaker lender protections within credit documentation. In this episode of The Upgrade podcast Bek Sunnu, Steve Wilkinson, and Minesh Patel discuss key highlights from our recently published article, "Envision Healthcare Corp.'s Two Major Restructurings in 100 Days". Related Articles: Credit FAQ: Envision Healthcare Corp.'s Two Major Restructurings In 100 Days, Sep 02, 2022 EBITDA Addbacks Continue To Stack, Feb 08, 2022 A Closer Look at How Uptier Loan Exchanges Leave Excluded Lenders Behind, June 15, 2021 Default, Transition, and Recovery: Out-Of-Court Restructurings May Lead To Repeat Defaults Among Distressed U.S. And Canadian Corporates, May 11, 2021 A Look At "J. Crew Blocker" Provisions In Loan Agreements, Sep. 23, 2019