Global Distressed, Illiquid and Special Situations Trading

Seyfarth’s global distressed, illiquid and special situations trading practice guides clients through the complexities of trading distressed, illiquid and special situations assets in the global secondary marketplace.

 
In close collaboration with colleagues in our bankruptcy, real estate, corporate and litigation departments, we handle deals of all size and scope - ranging from par assignments of syndicated loans to complex trades involving unique illiquid claims.  We represent sellers, buyers and market makers in trades involving the purchase and sale of:
  • Bank debt of domestic and foreign borrowers under the LSTA and LMA regimes
  • Bankruptcy claims
  • Terminated contracts (e.g., derivatives, lease rejections)
  • Loan portfolios
  • Restricted stock
  • Interests in liquidating funds
  • Settlements
 
Our clients include investment management companies and the trading desks of Wall Street banks, and range from small boutique brokerages to hedge funds managing billions of dollars.  
  • We regularly advise end purchasers looking to accumulate a position of influence or control in a distressed entity (or eventual ownership of the restructured company), seeking to hedge or arbitrage in an obligor’s capital structure, or who simply believe a distressed asset is undervalued.
  • We frequently represent brokers making markets in illiquid products, both domestically and abroad.   
  • Additionally, we provide assistance to creditors looking to extricate themselves from the risks and uncertainties of a restructuring by guiding them through an auction or other type of sales process in order to remove the exposure from their balance sheets. 
We know the importance of both the business and legal considerations when structuring, negotiating and documenting a trade.  Our team has years of experience drafting and negotiating bespoke forms of agreement and structuring creative settlement solutions for clients.  Our support enables our clients to efficiently close trades in order to maximize profit while minimizing risk.