Liability Management | Practical Law
Liability Management
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Liability Management
Practical Law Glossary Item 4-505-9154
(Approx. 3 pages)
Glossary
Liability Management
Transactions undertaken by a company to restructure the liabilities on its
balance sheet
. Examples of liability management transactions include:
Issuer debt repurchases.
Issuer tender offers.
Private exchange offers.
Exchange offers exempt from
SEC
registration requirements under Section 3(a)(9) of the
Securities Act
.
SEC-registered exchange offers.
Each of these options is described in
Practice Note, Role of the Financial Intermediary in Liability Management Transactions
.
For more information, see Practice Notes:
Methods of Restructuring Outstanding Debt Securities
.
Debt Exchange Offers: Purpose and Process
.
Conducting an Issuer Tender Offer for Debt Securities
.
Registration Statement: Form S-4 and Debt Exchange Offers
.