Author name: NPL Official

Rescue Rights Issue vs Loan-to-Own: What Works Better? A rescue rights issue is an equity raise offered pro rata to […]

European DIP Financing: Priority, Docs, and Control DIP financing is new money lent to a stressed company while a court

Distressed Acquisition Model in Excel: A Practical Guide A distressed acquisition model in Excel is a cash-and-claims model that answers

Distressed M&A vs Liquidation: Which Recovers More? Recoveries are the dollars creditors actually receive, net of fees, time, and leakage.

How to Win a Distressed M&A Auction (Without Overpaying) A distressed M&A auction is a competitive sale of a company

Share Pledge Enforcement: How Lenders Take Control A share pledge is a lender’s security interest over equity in a company.

Real Estate Security Enforcement in Europe: A Practical Guide Real estate security enforcement in Europe means converting a registered right

Loan Transfers Explained: Assignment, Novation, Participation An assignment moves a lender’s rights under a loan to a new holder. A

Intercreditor Agreements: Who Controls in Distress An intercreditor agreement (ICA) is a contract among creditor groups that tells them who

MAC Clauses in Distressed M&A: Deal Certainty Playbook A material adverse change (MAC) clause is a closing condition that lets