Milbank’s European Financial Restructuring Team Releases Its 2023 Review and Outlook for 2024

Milbank LLP’s European Financial Restructuring team has released its 2023 review and outlook for 2024, which details the themes and trends that we see developing this year.

We believe that significant 2025 and 2026 maturity walls will need to be addressed. In addition to an increasing mix of modified A&Es including bridge to sale transactions, we expect to see harder capital structure resets – ranging from debt-to-equity swaps using enforcement tools and the European restructuring regimes through to insolvency filings. In addition, private credit will continue to take on an even more important role in providing liquidity to capital structures and distressed M&A is also likely to increase.

To learn more about these and other trends highlighted, please see here.