(United States First Circuit) - In an appeal arising out a company's debt restructuring,the district court's holding, that a series of transactions meant to restructure defendant's debt over the objections of certain noteholders violated Section 316(b) of the Trust Indenture Act of 1939, and 15 U.
S.
C. section 77ppp(b),is vacated where section 316(b) prohibits only non‐consensual amendments to an indenture's core payment terms.
Source: findlaw.com