US LMEs in Focus: Key Trends, Landmark Deals, and What’s Next

September 17, 2026

This webinar explores how US liability management transactions are evolving in 2026, from changing deal structures and covenant protections to creditor negotiations and cross-border restructuring strategies.
Veronica Graff, Evan DuFaux, Ian Feng, and Kevin Grondahl examine the shift toward consensual transactions, the impact of the Serta ruling, emerging extended-exchange and joint-venture structures, and the growing influence of co-op and minority lender groups. They also assess the restructuring pipeline, post-LME investment opportunities, and signs of stress across software, building products, and broadband. Watch to understand where new restructuring risks may emerge and how evolving LME strategies could affect creditors and investors.

Watch on YouTube:

Speakers:

Veronica Graff, Senior Reporter, LevFin Insights
Evan DuFaux, Special Situations Analyst, LevFin Insights
Ian Feng, Senior Covenant Analyst, U.S. Leveraged Loans, Covenant Review
Kevin Grondahl, Senior Covenant Analyst, U.S. Leveraged Loans, Covenant Review

Timestamps:

00:00 – Introduction
03:28 – Why LME Activity Persists
07:33 – Covenant Loopholes & Lender Protections
13:43 – Serta Workarounds
20:21 – Creditor Group Dynamics
29:10 – Restructuring Beyond Chapter 11
36:05 – Where Distress Could Strike
44:09 – Finding Post LME Opportunities
47:18 – AI Shakes Software Credit
51:14 – Building Products & Broadband
54:47 – Audience Q&A
58:18 – Conclusion & Key Takeaways