Sullivan & Cromwell's Aquila on Distressed M&A

The Deal Video - May 15, 2009

SULLIVAN & CROMWELL LLP Partner Frank Aquila talked with The Deal Video about distressed merger and acquisitions. Mr. Aquila noted that the number of distressed M&A transactions doubled between 2007 and 2008 and will continue to increase. He added that there is a "staggering amount" of high-yield debt coming due in 2010 to 2015, and a sale of assets or the company may be the only option for corporations which can't refinance to avoid bankruptcy.