By Meyer Dworkin, Jason Kyrwood, Michael Fan and Michele Babkine (March 14, 2019, 3:05 PM EDT) -- The interrelationship between the credit default swap, or CDS, and syndicated term loan markets has become increasingly important and complex over the past five years. Investors in CDS — both buyers and sellers of credit protection — have sought to protect and, in certain cases, enhance the value of their CDS positions with respect to a company by influencing the terms of the debt issued by the company and the behavior of the company in respect of such debt. Borrowers, issuers and loan arrangers, meanwhile, have recognized that they may be able to secure more favorable financing terms, or a more successful syndication, by exploiting the vulnerabilities of CDS holders....