Otterbourg Ranks Third in Representing Lenders in Chapter 11 Financings
August 13, 2019
Debtwire listed Otterbourg third among law firms as lead counsel in its DIP Financing Report, which tracks debtor-in-possession loans that were provided and approved on an interim or final basis during the first half of 2019.
In the category of DIP Financing Professionals: Counsel, Debtwire noted that Otterbourg, “a leader in 2018, once again placed highly with four representations in the first half of 2019.”
The Debtwire Report tracked all DIPs provided to companies in the first half of 2019 that filed for Chapter 11 and are within the publication’s restructuring database coverage universe, which includes companies with $10 million or more of funded debt at the time of the bankruptcy filing. Debtwire reports on corporate debt situations before credit ratings are changed.
In addition to data points such as sector and venue information, interest rates and lender types, Debtwire analyzes adequate protection, DIP collateral and lien priority, lenders/bondholders, and DIP budget, covenant and liquidity issues for the Report.