Uptick in Restructurings May Outlast COVID-19 Pandemic

Harvard Law School Forum on Corporate Governance

Paul Leake Mark A. McDermott

Partners Paul Leake and Mark McDermott look at the ongoing impact the COVID-19 pandemic is causing across the globe, including a significant uptick in U.S. restructuring activity. Many experts believe we have yet to see the full extent of the surge in filings that will occur in the aftermath of the crisis. The amount of leveraged loans that becomes due in the next five years, combined with the economic impact of the pandemic, may serve as the catalyst for the next wave of restructuring.

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