Davis Polk partner and Liability Management & Special Opportunities practice head Brian Resnick and partner Hilary Dengel were featured on 9fin’s “Jane’s LME Addiction” podcast. In the episode, Brian and Hilary discuss voting cap and lender concentration cap language in credit agreements and how they may affect creditor organization and liability management exercises. They also explain the goals of these provisions, whether these provisions are “anti-co-op,” and whether they are more effective than disqualified lender lists for sponsors trying to decide who buys into their debt.

Are lender voting and concentration caps the new and improved DQ lists?Jane’s LME Addiction (November 13, 2025)