In this episode of S&C’s Critical Insights podcast series, Ari Blaut, a partner in S&C’s Finance & Restructuring Group and co-head of the Firm’s U.S. Credit & Leveraged Finance practice, and Krishna Veeraraghavan, a leading partner in S&C’s Mergers & Acquisitions Group, discuss the growing interest in PIPE transactions in response to the COVID-19 pandemic. The crisis has created serious challenges for businesses: supply chain issues, declines in demand and pressures in receivables. Krishna and Ari explore how PIPE transactions are generally structured and why they have become an attractive solution for severe liquidity issues now.