We held a webinar on Wednesday, September 30 at 10:00 AM ET | 15:00 PM BST for a global leveraged finance update.
As the global coronavirus pandemic continues, liquidity support will remain vital to the survival of speculative-grade companies in the US and EMEA. Companies with eroding liquidity will push defaults higher in 2021, while we suspect debt recoveries in both regions will be lower than they were during previous recessions.
Topics included:
- Government support, flexible covenants are integral to the liquidity solution
- Weakest issuers with eroding liquidity will push defaults even higher in 2021.
- Private-equity backed LBOs, most vulnerable to default, will favor distressed exchange
- Rising emphasis on first lien will hurt recoveries
Speakers:
- Sandra Veseli, Managing Director, EMEA Corporate Finance
- Jeanine Arnold, Associate Managing Director, EMEA Corporate Finance
- Julia Chursin, AVP-Analyst, US Corporate Finance
- Evan Friedman, Senior Vice President, US Corporate Finance
- Lisa Gundy, VP-Senior Covenant Officer, EMEA Corporate Finance
- Peter Firth, Associate Managing Director, EMEA Corporate Finance
- Chris Padgett, Associate Managing Director, US Corporate Finance
Please register to access the replay from the Thank you page.