Drop-downs, the Lycra variant

<p>Announcing a refinancing on the day your debt matures is an unusual move — and indeed, <strong>Lycra</strong>’s refinancing stretched some boundaries. But it’s also a great example of how not all drop-down transactions are the same.</p><p>For this week’s episode of <em>Cloud 9fin</em>, Bianca Boorer sat down with Brian Dearing to discuss Lycra’s last minute refi of its 2023 notes. The company’s innovative variation on the infamous drop-down mechanism provides food for thought on flexible liability management techniques.</p>