In this episode of the Unordinary Course podcast, Gary Holtzer, partner in Weil’s Restructuring Department, joins host Lee Pacchia, managing director at strategic communications and advisory firm ICR, to discuss the Firm’s innovative “Stapled Exchange” transaction pioneered to restructure debt for retailer Fossil Group. Gary explains how the structure was developed, the challenges it was designed to solve and what makes it an important new tool for companies, lenders and investors seeking to address financial distress outside of chapter 11.

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