Keerthika Subramanian Discusses Equity Rights Offerings for Distressed Issuers Outside Chapter 11

Winston & Strawn partner Keerthika Subramanian led a session for the Practising Law Institute program on liability management, focusing on equity rights offerings as an alternative for distressed companies. As many pandemic-era debt issuances are nearing maturity, companies face challenges due to the high cost of capital and market volatility. This explored how equity rights offerings, traditionally used in Chapter 11 bankruptcies and by foreign issuers, are becoming a viable option for domestic issuers outside of bankruptcy.

Keerthika provided an in-depth overview of the structure, trends, and advantages of equity rights offerings, offering valuable insights for in-house counsel, attorneys, and other professionals involved in liability management transactions.