Liability Management & Debt Restructuring

• Bondholder Identification
• Liability Management & Debt Restructuring

Liability Management and Debt Restructuring

D.F. King Ltd., part of MUFG Corporate Markets, delivers comprehensive execution services for bond transactions, including tender and exchange offers, consent solicitations, bondholder meetings, and complex debt restructurings.

Our proactive approach supports issuers and their advisors in navigating the challenges of engaging and communicating with bond investors globally.

We have supported Issuers in:

• Conducting tactical bond refinancings (including senior and subordinated bonds and mortgage-backed securities)
  Re-aligning obligor group structures in conjunction with merger and acquisitions
• Retiring legacy regulatory capital
• Updating bond terms in line with current market practice (e.g. LIBOR reform)
• Supporting the passing of noteholder resolutions at meetings
• Restructuring bonds in defaulted or distressed scenarios

As part of our liability management offering, we work closely with clients to craft strategies that secure broad bondholder support. Our services span the full transaction lifecycle - from document drafting and implementation to calculations and settlement.

We also act as information, tender, exchange, and tabulation agent, fostering long-standing relationships across the debt custodial chain. Our dedicated project websites and fully staffed helplines enhance access to deal documentation and improve information flow.

With direct, real-time links to international and domestic clearing systems and deep expertise in their procedures, we ensure smooth and efficient execution of even the most complex transactions. Further, we apply a pragmatic and commercial lens to documentation standards, legal protections, and cost management.