Facilitator Guide

Restructuring Support Agreements

Facilitator Guide

Restructuring Support Agreements

Topic: Restructuring
Duration: 1 hr
Format: Remote or in person

What’s covered

Purpose of RSAs
Key provisions of RSAs

Before the session

Prepare the Attendees

Send the attendees an invitation for the session. Include this link, which has the videos and exercise they’ll need to prepare.

https://www.hotshotlegal.com/trainings/restructuring-support-agreements/attendee

Prepare Yourself

Watch the videos and read the exercise so you’re familiar with the Hotshot material.

Course

Restructuring Support Agreements

Restructuring Support Agreements (RSAs) are used to document support for a company’s proposed restructuring plan. This course discusses what’s in an RSA and how they’re used. It also walks through a sample RSA to explain their key provisions.
Exercise
PDF

During the session

Part 1: Knowledge Check

Ask attendees these questions to ensure they understand the topic:

Why do RSAs usually include a super majority of certain creditor groups?
Why might creditors want certain equity holders to be parties to an RSA?
What are examples of common termination events and which parties usually have the right to terminate if those events occur?
When the debtor is a public company, how and why would they be required to “cleanse” material nonpublic information?
What remedies are and aren’t usually available under an RSA?

Part 2: Group Exercise

Lead a group discussion based on the exercise. To encourage collaboration, divide the attendees into groups to discuss the exercise, then have a representative from each group summarize their views to the larger group. Call on people to share their thoughts and ask others to respond.

Tip for remote sessions: use your web conferencing system’s breakout room feature to divide people into groups.

Part 3: War Stories and Firm Specifics

Share your own experiences and guidance, including:

Anecdotes and war stories (e.g., about a near-disaster or a tough negotiation)
General practice tips (dos and don’ts)
Firm-specific guidance and practices

After the session

To continue their learning, attendees can check out related courses in Hotshot’s Restructuring topic.

About Hotshot

Hotshot helps lawyers develop their legal, business, and technology skills through short videos, quizzes, and summaries, and we help law firms and law schools plan and deliver engaging training programs. Our customers include Am Law 200 firms, top law schools, and regional and international firms.