Simpson Thacher Attorneys Author Bloomberg Tax Article on Tax-Free Debt Exchanges
Tax Partners Drew Purcell and Alec Jarvis authored an article that was published by Bloomberg Tax titled, “Tax-Free Debt Exchanges Are Crucial Part of Transactions Toolbox,” which discussed how debt-for-equity and debt-for-debt exchanges are a critical and complex component of many tax-free spin-offs and split-offs. With the continued emphasis in the public markets on “pure-play” enterprises and the overall trend toward de-conglomeration, the article further explored typical use cases for these types of exchanges, financing steps to take and the overall tax considerations for structuring transactions.
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