A $6 Trillion Wave of Money Revives an Arcane Corner of Wall Street
- Lazard, Evercore getting enquiries about liability management
- Companies are desperately seeking options to deal with debt
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Locked out of debt markets and facing significantly higher borrowing costs, executives at troubled companies are looking for help in an almost dormant corner of Wall Street.
High-profile financial advisers including Houlihan Lokey Inc., Lazard Ltd. and Evercore Inc. say they’re experiencing a surge in enquiries for so-called liability management as corporates bloated with debt find themselves searching for solutions to the end of a decade of almost free money.