With interest rates rising and the economy slowing, more companies are expected to default on their debt. This webinar will feature leading distressed debt investors and special situations bankers discussing recent opportunities. Find out how you can position yourself to profit from the upcoming credit crunch.
"Opportunities in Distressed Debt"
With default rates and the level of financial strain at cyclical lows, distressed investors currently find supply scarce. That appears sure to change, however, based on the quality of high yield debt currently outstanding. As the economy inevitably slows and credit gets tighter, default rates will almost certainly mount, notwithstanding the usual claims that "it's different this time." This presentation explores the outlook for recovery rates on defaulted issues.
- Current State: The Trough in Supply
- The Outlook for Supply
- Pricing at Default
- Return on Capital
"Using Debt to Acquire Middle Market Companies"
Distressed investors are seeing new opportunities as more companies are starting to default on their loans. This segment examines the pros and cons of using debt to obtain control of lower middle market companies.
- Using Debt as an M&A Tool
- Using Debt to Execute a Private Equity Strategy
- Why the Lower Middle Market?
- Risks/Benefits to Using Debt to Gain Control
"The Power and Pitfalls of Distressed Investing: Key Strategic Considerations"
Many funds and investors are looking to invest in distressed opportunities, however there are a number of traps for the unwary investor. This segment identifies key traps for the unwary and examines how a knowledgeable investor can mitigate the risks associated with these traps.
- Junior Debt: The Fulcrum Security
- Key Provisions of Intercreditor Agreements
- Anti-shorting covenants
- What to do when you are in possession of material non-public information
- SEC and AMEX practice on trading following an announcement
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