Shearman & Sterling LLP
Issue link: https://digital.shearman.com/i/1494417
Typically, who is Restricted? 9 Shareholders Holdco Issuer Restricted Subsidiary Restricted Subsidiary Unrestricted Subsidiary Joint Venture Partner Minority Investment Joint Venture Restricted Group = Issuer + Restricted Subs The Debt Stack – Structuring and Incurrence Covenants