COVERAGE
LME in Europe: Advantages, limitations and prospects
March 20, 2026
Read time: 2 min
“A restructuring technique originating from across the Atlantic and well known to specialists, the liability management exercise (LME) burst onto the wider public stage with the Altice case. While it offers clear appeal, it requires certain adaptations to the European market. LMEs, and restructurings more generally, remain a constantly evolving field and an ongoing race between lenders and borrowers.”
Click here to read the full Parole D’Expert (in French) by Théophile Jomier and Timothée Gagnepain.
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