Matteo Clarkson-Maciel participated in a CLE webinar on “Uptier Transactions After Serta and Mitel: Validity of Liability Management Exercises, Drafting Considerations,” hosted by Strafford on March 6, 2025.
The presentation reviews two recent court decisions in In re Serta Simmons Bedding L.L.C. (Serta) and Ocean Trails CLO VII v. MLN Topco Ltd. (Mitel) and their potential implications for uptier transactions and liability management exercises. The panel will also provide drafting and structuring considerations and protections for borrowers and lenders contemplating liability management or uptier transactions under the current legal landscape.