SEC Eases Financial Disclosure Requirements for Guaranteed and Secured Debt Offerings

New rules reduce financial disclosures required under Rules 3-10 and 3-16 of Regulation S-X In an effort to encourage issuers to offer debt securities through registered (as opposed to private) offerings, the U.S. Securities and Exchange Commission (the “SEC”) recently adopted amendments that ease the financial disclosure requirements in Rule 3-10 of Regulation S-X for guarantors and issuers of guaranteed securities registered or being registered, and in Rule 3-16 of Regulation S-X for affiliat