Quarterly Insights

Quarterly Insights


Actionable ideas and analyses from Jefferies' investment banking thought leaders and market strategists

Recent Posts

Pass the Guac, Do You Mind If We Double Dip This Chip?

It is common for highly levered sponsor-backed companies with liquidity needs and/or upcoming maturities to engage in liability management exercises, which often includes creating a new priming tranche of secured debt (an “Uptier”) or transferring assets out of the secured collateral package (a “Drop Down”).