Davis Polk partner Natasha Tsiouris was featured on Bloomberg’s “State of Distressed Debt” podcast. In the episode, Natasha discusses her perspective on the future of liability management, the shift toward lender consensus, and the arrival of private credit restructurings. She also explains that while innovative liability management transactions have been developed, sponsors and companies will need to actively execute these third-party deals to maintain the leverage of the so-called “deal away” strategy, where a company bypasses its existing lenders to strike more favorable terms with new creditors.

“I don’t think that we’ve seen the full potential of these deals,” Natasha said.

“Davis Polk’s Tsiouris on Next LME Act: State of Distressed Debt,” Bloomberg (April 15, 2025) 

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