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Andrew Parlen Quoted in Article on Current Trends in the Credit Cycle

December 4, 2020

Corporate partner Andrew Parlen was quoted in an article, “What to Make of the Credit Cycle: Pros Say,” in the December 2 issue of the PETITION newsletter. PETITION offers curated news for the distressed investing, restructuring and legal sectors. The article discussed private equity and capital market trends related to the pandemic. “[W]hile there has certainly been a lot of Chapter 11 activity since the pandemic hit, parties have also pursued a wide range of refinancing, recapitalization and out-of-court restructuring options—not just revolver drawdowns and requests for covenant relief, but also new (often short-term) debt, equity raises and PIPEs or preferred equity investment by sponsors—to support and create runway for companies impacted by the pandemic,” Andrew says in the article.

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