Bank Debt Auctions
SRZ’s Distressed Debt & Claims Trading Group advises clients participating as buyers or sellers in auctions for bank debt portfolios. We prepare bid documentation, collect bids, assist our clients in evaluating bids, and guide our clients through the bidding and settlement process, including negotiating and finalizing transaction documentation. When acting for buyers, we analyze and advise on issues relating to the underlying claim documentation and negotiate claims transfer documentation.
Bulk Transfers and Portfolio Analysis
The Distressed Debt & Claims Trading Group advises our clients as both buyers and sellers in bulk transfers of claim and debt portfolios and provides a full analysis of the underlying claims recovery, credit review and transfer issues.
Rights Offerings
The group advises clients as participants or backstop parties of debt and equity rights offerings in connection with a debtor’s plan of reorganization. When our clients are the beneficial, but not the record holder, of the debt or equity entitled to participate, our lawyers ensure that our client’s right to participate is thoroughly documented and protected. We understand how crucial it can be for our clients to receive the proceeds of a purchase of access to a rights offering as soon as possible. Accordingly, subsequent to the successful rights offering, we ensure that the transfers of any proceeds are settled in a timely and complete manner.