As market conditions continue to depress the value of outstanding debt, private equity funds and other debt issuers have the opportunity to acquire their indebtedness at significant discounts.
Pepper Hamilton attorney Steve Bortnick, a partner in the New York and Princeton offices and a member of the firm’s Tax Department, recently authored an article with fellow Pepper attorney Tim Leska titled “Stimulus Package: Buy Back Debt Today, Pay Tax Later.”
In this podcast, Steve discusses how the American Recovery and Reinvestment Act affects private equity funds and other debt issuers and discusses examples that he featured in his article.
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(Running Time: 11:22)
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