Ryan Preston Dahl Discusses Evolving Forms of Liability Management Transactions with Bloomberg Law

Troubled corporate borrowers and their lenders are increasingly seeking liability management transactions to avoid Chapter 11. In a Bloomberg Law article, business restructuring partner Ryan Preston Dahl, discussed the evolution of restructuring practices and the need for cross-disciplinary teams.

There’s been an increased emphasis on becoming facile with financial documents, said Dahl. “You no longer have everything going in front of a bankruptcy judge. You need to not only have familiarity with, but expertise in, a much broader set of things,” he added.

Ropes & Gray’s business restructuring practice has advised on several large deals in the last four years, including a $1.1 billion transaction for materials manufacturer Trinseo Plc, a $1 billion transaction for Tecomet, a medical device and aerospace manufacturing solutions firm, and a non-pro-rata uptier debt exchange for skincare product company Rodan + Fields.