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Return to Turnaround Management Association Events Library Menu
Showing sessions 1 - 4 of (4) TOTAL sessions (PREV 10) 1
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Event : TMA5 |
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Session : TMA802
Leveraged Capital Markets: What's Hot? What's Not?
Conference : 2008 Distressed Investing Conference
Speaker(s) : File Size : 6.3 MB
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Download Format(s) : MP3 |
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- Moderator: Sean T. Lynch, Wells Fargo
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- Panel: Barry L. Bobrow, Wachovia Capital Markets, LLC; Steven
Miller, Standard and Poor’s; Edward J. Siskin, Crystal Capital; A. Jeffrey Zappone, CTP, Conway, MacKenzie & Dunleavy Inc.
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- August 2007 will be remembered for decades as the month that global
credit markets turned on a dime. The long anticipated tightening of credit
hit the leveraged loan market hard with hung deals, tighter structure and
increased pricing. Despite the recent issues, the leveraged capital markets
have been amongst the hottest. What are prospects in 2008? This panel
will review the latest information on the current state of the leveraged
credit and capital markets and how we got there. Who were the winners
and losers? What happens to purchase price multiples, lending multiples
and equity requirements? How has the investor mix changed? Where are
the opportunities coming from in 2008, and how does it differ from the
previous years? Can we expect to see an increase in distressed companies
who cannot simply refinance their way to prosperity? What will it take for
the market to get back to pre-August 2007 levels?
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Session : TMA803
Distressed Debt Trading in Volatile Markets: Recent Trends & Issues
Conference : 2008 Distressed Investing Conference
Speaker(s) : File Size : 8.7 MB
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Download Format(s) : MP3 |
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- Moderator: Glenn E. Siegel, Dechert LLP
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- Panel: Thomas R. Califano, DLA Piper US LLP; Matthew Carter, UBS
Investment Bank; Edward S. Weisfelner, Partner, Brown Rudnick Berlack
Israels LLP
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- The contraction in liquidity across credit markets has caused price volatility
to rise to levels not seen for several years. Whether this volatility is temporary
or the initial stage of the next distressed cycle, this panel will provide
valuable insights into the latest issues in trading distressed debt to help you
survive market turmoil. Seasoned professionals from the legal, sell-side and
buy-side communities will offer their insights into:
• Trends toward standardization of trading protocols and transfer documents
for distressed bank debt, trade claims, bonds and derivatives
• Confidentiality and disclosure in trading: The rules have changed!
• Whether secondary purchasers are at risk for original holders’ sins
(Enron decision)
• Pitfalls new market entrants often encounter in trading distressed (par
vs. distressed doc’s, treatment of accrued interest, voting rights, rights
offerings, etc.)
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Session : TMA806
Nellson Neutraceuticals Case Study
Conference : 2008 Distressed Investing Conference
Speaker(s) : File Size : 9.6 MB
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Download Format(s) : MP3 |
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- Moderator: Jeffrey P. Fitts, GE Commercial Finance-Bank Loan
Group
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- Panel: Eric Carlson, Imperial Capital LLC; James D. Decker,
Alvarez & Marsal Corporate Finance; Gregory Frenzel, Citibank;
Tuck Hardie, Houlihan Lokey Howard & Zukin; Fred S. Hodara,
Akin Gump Strauss Hauer & Feld LLP
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- The Nellson Neutraceuticals Chapter 11 case was noteworthy in
several respects, from its comprehensive valuation litigation to the
auction sale of the company to Nellson’s lenders (at a value well below
the valuation adopted by the Bankruptcy Court). This panel of investors
and advisors directly involved in the case will have a lively discussion
addressing timely issues of valuation, first and second lienholder
strategies, multi-constituent litigation, dual agency of first and second
lienholders, credit bidding dynamics and the ultimate determinant of
value—the auction.
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Session : TMA807
Distressed Investing in the Middle Kingdom
Conference : 2008 Distressed Investing Conference
Speaker(s) : File Size : 8.7 MB
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Download Format(s) : MP3 |
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- Moderator: George Kelakos, Crystal Capital
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- Panel: Phil Groves, DAC Management, LLC; Helena Huang,
Kirkland & Ellis LLC; Frank R. Mack, CTP, Conway, MacKenzie &
Dunleavy Inc.; Alan C. W. Tang, Grant Thornton
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- China’s transition to a modern, market-based economy combined
with its complex PRC, provincial and municipal laws and courts, and
its fragmented capital markets and industry infrastructures presents
extraordinary opportunities and challenges for international distressed
investors. In addition, China recently enacted a new Enterprise
Bankruptcy Law, which became effective on June 1, 2007, and the new
law incorporates many concepts found in U.S. business reorganization
law and practice. This panel of China experts will prepare you for the
future by presenting the practical elements, and the benefits and risks,
of investing in non-performing loans from PRC Asset Management
Companies, acquisitions of distressed, overleveraged and/or underperforming
companies, and strategies for monetizing these opportunities.
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Showing sessions 1 - 4 of (4) TOTAL sessions (PREV 10) 1
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