Few people understand the complexities of defined benefit pension plans, particularly those of distressed companies. Even in the best of circumstances, it can be difficult to determine the status or health of a company’s plan. But failure to do so can materially raise the risks involved in a transaction or credit agreement. For attorneys who work with clients or lenders in the automotive equipment business, these issues can be difficult to navigate without guidance from experts to help deal with the complicated and sometimes arcane issues involved.
Read more about safely navigating the complexities of acquiring or lending to distressed automotive companies with pension plan.