Editor

Alisa Babitz

Of Counsel

Washington, D.C.
+1 202.887.3720

July 2, 2026

New Exemptive Order Modernizes and Significantly Expands Abbreviated Five-Business Day Non-Convertible Debt Tender Offers

Companies will be able to take advantage of a high-velocity, more flexible mechanism to optimize balance sheets and have the ability to more nimbly conduct liability management exercises in a single calendar week, while reducing exposure to market and interest rate volatility.

April 20, 2026

SEC Staff Issues Exemptive Relief Allowing 10-Business Day Equity Tender Offers

It is clear that the exemptive relief will provide public and private companies with significantly more flexibility in the structuring and timing of their transactions.