Jenner & Block

Client Advisory: The PBGC's Proposed Changes May Affect Plan Sponsors with Credit Agreements

In this client advisory, partner Tony Ling discusses an announcement by the Pension Benefit Guaranty Corporation ( “PBGC”) of proposed amendments to its regulations that would  eliminate waivers of certain reportable events.  As the author points out in the advisory, the impact of the amendments on plan sponsors who require access to credit facilities from commercial banks and other institutional investors could be significant.