Liability Management is an umbrella term used to describe a variety of transactions that aim to “manage” the “liabilities” of an issuer. Liability Management transactions typically relate to listed debt/hybrid securities and can be an essential element of a comprehensive debt restructuring.
The objectives of a Liability Management transaction may vary significantly but could include elimination of debt at an attractive price, extension of maturity, easing of interest burden, waiver of restrictive covenants.
Independent Debt Capital Markets assignment includes: