medium · Debt Capital Markets
If an issuer meets its portability threshold, what notice must it provide to bondholders?
- It typically provides a notice stating that a change of control occurred but no put will be offered.
- No notice is required if the test is passed.
- It must provide a 'fairness opinion' from an investment bank regarding the leverage calculation.
- It must provide a full 144A prospectus update within 48 hours.
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More Debt Capital Markets practice
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