What Does the New SEC Guidance on Non-GAAP Financial Measures Mean for High-Yield Bond Issuers and Initial Purchasers/Underwriters?

Category: Client Alerts
Date: June 17, 2016
Title: What Does the New SEC Guidance on Non-GAAP Financial Measures Mean for High-Yield Bond Issuers and Initial Purchasers/Underwriters?

On May 17, 2016, the Division of Corporation Finance of the SEC issued updated Compliance and Disclosure Interpretations (C&DIs) under Regulation G and Item 10(e) of Regulation S-K, the SEC’s regulations regarding use of non-GAAP financial measures. This alert examines what issuers and initial purchasers/underwriters of high-yield debt securities need to know about the new SEC guidance.

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