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ARTICLE · 15 JULY 2019

Top 10 Practice Tips: Debt Tender Offers

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The following 10 practice points are intended to help you in assisting an issuer with a proposed debt tender offer for cash.

United StatesFinance and Banking
Anna T. Pinedo
Anna T. Pinedo
Alex J. Speyer
Alex J. Speyer
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The following 10 practice points are intended to help you in assisting an issuer with a  proposed debt tender offer for cash. Often, issuers of debt securities seek to manage their liabilities through liability management transactions, including debt tender offers  for cash. A cash tender offer consists of a public offer by the issuer to purchase all or a portion of the outstanding principal amount of the relevant debt securities from the  holders at a price, and subject to conditions, set forth in the issuer's offer to purchase.

1. Consider whether the issuer has enough cash and whether there are more effective liability management alternatives.

Prior to undertaking a debt tender offer for cash, an issuer will need to determine whether it has sufficient cash on hand

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This Mayer Brown article provides information and comments on legal issues and developments of interest. The foregoing is not a comprehensive treatment of the subject matter covered and is not intended to provide legal advice. Readers should seek specific legal advice before taking any action with respect to the matters discussed herein.

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