American Bankruptcy Institute's New York City Bankruptcy Conference

Mayer Brown partner Brian Trust participated in the panel on Trends in DIP Financing at the American Bankruptcy Institute’s New York City Bankruptcy Conference, held virtually May 19-20, 2021. This panel discussed financing orders, milestones and other case management through the DIP facility. This session also focused on structural priming, including by taking liens on unencumbered foreign assets (Hexion), using DIP financing as a tool to protect pre-petition debt, the use of roll-ups, the ratio of new money to roll-up that is necessary/“market”, justifying a zero-new-money roll-up (EP Energy), providing a secured term loan pre-bankruptcy and using the proceeds as cash collateral, and rolling up pre-filing emergency loans (Westmoreland).

To view a recording of this panel, please visit ABI’s website.