What We Do

Debt Transactions

D.F. King provides comprehensive execution services for bond transactions, including tender and exchange offers, consent solicitations, bondholder meetings and complex debt restructurings. D.F. King has unparalleled experience in bond liability management transactions, providing practical solutions and advice regarding transaction mechanics and execution. The accurate identification of bondholders provides the foundation for successful transactions. D.F. King proactively manages the communications process, and provides real-time visibility into participation to increase the certainty of outcomes.

Bondholder Identification

D.F. King excels at bondholder identification. Our robust methodologies deliver to clients clarity of the chain of ownership of debt, from custodians to beneficial owners. Our reports are comprehensive - drilling down into debt ownership by category and geography - and provide an unparalleled level of ownership intelligence.

D.F. King regularly carries out an SEC prescribed 'look-through' process for bond issuers to determine - according to the SEC rules - the percentage of bonds held by US resident beneficiaries, in relation to an SEC Rule 802 exemption.

Liability Management & Debt Restructurings

D.F. King provides comprehensive execution services in connection with bond transactions, including tender and exchange offers, consent solicitations, bondholder meetings and complex debt restructurings. We help issuers and their advisors navigate through the difficulties associated with reaching and communicating with bond investors.

D.F. King operates as an information tender, exchange and tabulation agent on liability management transactions, allowing us to develop long-standing relationships with all participants along the debt custodial chain. We produce dedicated project websites that improve access to deal documentation and information about transactions.

With the experience gained from working on more bond liability management transactions than any other agent, we can offer insightful solutions and advice regarding transaction mechanics and execution. Our direct, real-time links to the international clearing systems and expertise in their procedures and settlements processes help to facilitate a smooth and efficient execution of even complex transactions.

D.F. King works with clients to develop appropriate strategies to gain wide support from bondholders for debt restructurings. This includes the practical areas of campaigns, around document distribution, restrictions and eligibility.