Against the backdrop of human tragedy brought about by the COVID-19 pandemic, companies are facing their own battle for survival. Over the past few months, tens of millions of people have been furloughed, made redundant or are working under radically altered circumstances, with the resultant dramatic impact on company revenues and, indeed, business viability. In this follow-on piece to our Part one article – Baker McKenzie lawyers consider what debt capital markets can offer companies struggling to prevent their liquidity problems from becoming solvency problems.
In the second installment of this two-part series, Baker McKenzie lawyers explain what the debt capital markets have to offer struggling companies.
This article was first published in the International Financial Law Review.