United States:
Chapter 11 Plan Support Agreements: Greasing The Wheels For Confirmation Success
28 January 2020
O'Melveny & Myers LLP
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In this bylined article in The Bankruptcy Strategist,
O’Melveny partners John Rapisardi and Joseph Zujkowski offer
their analysis of Chapter 11 plan support agreements.
“Plan support agreements are often an essential component
of a successful complex Chapter 11 reorganization and provide a
framework for a debtor’s financial restructuring,” the
authors note.” These agreements have increasingly been used
to induce core groups of major lenders and bondholders to support a
debtor’s restructuring in return for enhanced
recoveries.”
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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