medium · Debt Capital Markets credit-ratings-risk
What is the primary motive for an issuer to undertake a 'Consent Solicitation' alongside a tender offer?
- To raise the coupon rate paid on the new bonds
- To compel every bondholder to sell their bonds at par
- To push out the bonds' maturity without paying any consent fee at all
- To remove restrictive covenants from the remaining bond stub
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