麻豆入口 partner and Restructuring co-head Damian Schaible was quoted in the Wall Street Journal on double-dip financings, which are loans that allow companies to create two separate claims on their assets. The article notes that double-dip loans have become a popular tool to refinance short-term debts and improve liquidity as interest rates rise.

鈥淭he market is currently littered with companies that have too much leverage and have floating rate debt that is coming to roost in a higher interest rate environment,鈥 Damian explained. 鈥淭here鈥檚 going to be more and more companies that run into liquidity pressures and are looking for ways to bring in additional capital.鈥

鈥,鈥 Wall Street Journal (October 13, 2023) (subscription required)

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