Experts to Examine Current Trends in Financing for Distressed Companies during ABI Webinar

Date:

Wednesday, March 19, 2008

Issue:

As credit markets continue to tighten, bankrupt and financially distressed companies are finding it much more difficult to secure financing to emerge from bankruptcy. A panel of experts specializing in distressed-company financing will discuss the problems currently being experienced in the marketplace as well as what future trends might lie ahead for bankrupt companies looking to line up exit financing.

Audio:

To Listen Click Here:

Speakers:

Bill Derrough is a managing director and co-head of the Recapitalization and Restructuring Group at Jefferies & Company, Inc. (New York).

Bill Lenhart is a partner and national director of the restructuring advisory firm of BDO Seidman LLP (Chicago).

Patrick Dumont is a vice president at Miller Buckfire (New York).

Ted Stenger is a managing director at AlixPartners (New York).

Moderator:

Prof. Jack Williams of Georgia State University is ABI’s Resident Scholar and a director BDO Seidman LLP.

Background:

The fallout from the decline of the home mortgage industry has caused a severe credit crunch. Distressed and bankrupt companies were able to line up financing to continue their operations with relative ease as prior to the housing bubble that burst at the end of 2006. Since the downturn of the home mortgage industry, credit markets have constricted, and the financial liquidity once available to distressed or bankrupt companies has started to evaporate. The difficulty of arranging or maintaining bankruptcy exit financing has been experienced by such companies as Delphi Corp., Dura Automotive and Solutia Inc. and threatens hundreds more.

The Webinar featured top experts in exit financing to discuss the current situation as well as their views on future trends for companies looking to restructure within and outside of bankruptcy courts. For questions about the Exit Financing Webinar, please contact John Hartgen at [email protected] or 703-739-0800 x115.

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ABI is the largest multi-disciplinary, nonpartisan organization dedicated to research and education on matters related to insolvency. ABI was founded in 1982 to provide Congress and the public with unbiased analysis of bankruptcy issues. The ABI membership includes more than 11,700 attorneys, accountants, bankers, judges, professors, lenders, turnaround specialists and other bankruptcy professionals providing a forum for the exchange of ideas and information. For additional information on ABI, visit ABI World at http://www.abiworld.org. For additional conference information, visit http://www.abiworld.org/events/newevents.html.