Webinar replay — Solving for Serta: Exposure, liquidity, and the path forward
9fin's latest webinar examines the practical fallout from the Bankruptcy Court's final Serta ruling, which held that participating lenders breached the credit agreement's pro rata sharing provisions and delivered a $260 million-plus damages ruling, from how funds should be re-underwriting exposure and re-assessing existing books, to how the ruling plays out across CLOs, captive funds, NAV financing, and upstream sponsor structures, to where secondary markets are creating entry points for opportunistic buyers and the structural and documentation responses funds are already adopting to insulate against the next Serta.