Plan Conversions of Debt to Equity: The Means, the Math, the Risks, and the Upsides

Laura Davis Jones will be part of a panel discussion of the relatively recent introduction of nontraditional, sophisticated financial investors into the section 363 sale process and debt-to-equity conversion. The panel will explore the mechanics of a debt-to-equity conversion in the context of a chapter 11 plan in the legal context as well as to explain the valuation metrics and allocation calculations that underlie the dynamics as to who gets to participate and the amount of equity offered to the various case constituencies.

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