It’s Still Time to Restrict the Abuse of Unrestricted Subsidiaries
Back in 2019, Xtract Research wrote about Unrestricted Subsidiaries and how the ability to capitalize them and use them for purposes detrimental to investors needed to be reined in. Q4 2020 hedge fund letters, conferences and more Two years later, not only has nothing changed, but both bonds and loans are just as permissive and, in some cases, pushing the envelope even further than before. In a new report, Xtract Research provides a refresher. Restricting the Abuse of Unrestricted SubsidiariesHighlights from the report include: Diamond Sports has for months been the subject of speculation that...