February 2009

Restructuring: Credit Suisse launches work-out group

Credit Suisse has announced the formation of a new group in its EMEA global markets solutions business (GMSB) designed to address what co-head of global investment banking Jim Amine describes as a “unique opportunity” presented by the current debt market dislocation. In an internal memo, Amine explained that the new debt advisory and restructuring group (DA&R) will enable the bank to provide an integrated solution to challenging market conditions.


The DA&R group has been formed to provide debt work-out solutions (from simple consents and amendments to full-scale restructurings) and to advise healthy companies facing acquisition and other financing requirements and capital structure...


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