Best Practices for Loan-to-Own Strategies in the New World
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Best Practices for Loan-to-Own Strategies in the New World
By Bobby Guy, Shareholder, & Bradley Gardner and Meredith Hoberock, Associates, Polsinelli P.C.
The law surrounding distressed acquisitions has been evolving rapidly for the past decade. The loan-to-own strategy, in which a would-be buyer purchases existing debt at a discount as a tool to achieve ownership of the target company, has been one of the favored strategies of value investors....
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Meredith Hoberock is an associate in Polsinelli’s Kansas City office, where her areas of focus include loan enforcement and creditors’ rights. She served as a judicial law clerk in the U.S. District Court for the Western District of Missouri and was also editor-in-chief of the Arkansas Law Review. Hoberock holds a bachelor’s degree from the University of Arkansas and a law degree, magna cum laude, from the University of Arkansas School of Law. She can be reached at mhoberock@polsinelli.com.
Bradley Gardner is an associate in Polsinelli’s Kansas City office, where his areas of focus are loan enforcement and creditors’ rights. He has worked for clients in a variety of industries, including finance, transportation, and manufacturing, and has represented clients in prelitigation negotiations, trials, appeals, and bankruptcy matters. He holds a bachelor’s degree from the University of Kansas and a law degree, cum laude, from Georgetown University Law Center. He can be reached at bgardner@polsinelli.com.
Bobby Guy is a deal attorney who specializes in fixing, buying, and selling struggling companies, especially in the healthcare industry. He is a shareholder with Polsinelli P.C. and a founding member of the firm's Nashville office. He is certified as a specialist in business bankruptcy by the American Board of Certification. He can be reached at 615-259-1511 or bguy@polsinelli.com.