1-Hour Program

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Issuers in a range of industry sectors may now be evaluating potential liability management transactions, including debt repurchases, and tenders or exchange offers. In some cases, no-action letter relief may provide issuers and their advisers with greater flexibility for tender offers for non-convertible debt securities, including non-investment grade debt securities.

During this session, Mayer Brown LLP partners John R. Ablan and John P. Berkery will address:

  • Overview of liability management options and objectives; (5 minutes)
  • Redemptions; (6 minutes)
  • Open market repurchases; (8 minutes)
  • Debt tender offers, generally; (10 minutes)
  • No-action letter relief for non-convertible debt securities; (7 minutes)
  • Five business day tender offer no-action letter; (6 minutes)
  • Exchange offers; and (9 minutes)
  • Consent solicitations. (9 minutes)


Program Level: Update

Intended Audience: In-house counsel, outside attorneys, compliance, financial and other allied professionals involved with or interested in liability management transactions

Prerequisites: None

Advanced Preparation: None

Credit Details