Over the past decade, the professionals at Wye River have worked on over 50 different transactions involving over $1 billion of derivatives. A number of those assignments have involved restructuring, covenant negotiations or other challenges with existing derivatives transactions.
In most of our debt restructuring assignments, we have successfully confronted the challenge of assisting a client in the refinancing of debt hedged by a swap and the “transferring” of the swap to a successor financial institution. Because of the frequency of our involvement in such engagements, we have an excellent current knowledge of the market for bank novation and assumption fees and the related structuring issues.