EU Version of DIP Financing – discussion in light of the US Framework

The current transition out of the Covid-19 pandemic and withdrawal of financial support provided by governments to cope with the pandemic is likely to lead to an increasing stream of entities that need to go through some form of financial restructuring. It may take time for these situations to be resolved, whereas the need of cash is often urgent. To address this need, the EU Directive on preventive restructuring frameworks (the “Directive”) has introduced harmonized mechanisms to provide lenders with more comfort lending into distressed situations.

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