Bloomberg Quotes Jaisohn Im on the Current Liability Management Market

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Akin head of finance and special situations & private credit partner Jaisohn Im is quoted by Bloomberg in an article titled, “Private Equity Firms Prioritize Their Own Returns, Costing Lenders Billions.” The article examines the current liability management market as private equity firms increasingly structure debt to prioritize their own returns.
Jaisohn tells Bloomberg that “the waterfalls in recent LMEs have become much more complicated with participating lenders having to consider different mixes.”
“Competitive tension has become a key factor in LMEs — the threat is that if you don’t do a deal with us, we always have an alternative,” he continues. “And that’s where the private credit market steps in.”