Caesars Among Firms Trying to Curb Lender Protection
Proposed changes to 1939 law would make it harder for minority bondholders to challenge actions companies take in restructurings.
By Laura J. Keller, Sridhar Natarajan and Devin Banerjee, Bloomberg|December 09, 2015 at 03:21 PM|Originally published on Treasuryandrisk.Com
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Caesars Entertainment Corp. and Education Management Corp. have been stymied in their efforts to influence Congress to change a Depression-era law that’s designed to protect lenders, according to people with knowledge of the matter.