Distressed Debt - In house
Course
Inhouse
Description
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Type
Course
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Methodology
Inhouse
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Duration
2 Days
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Start date
Different dates available
Overview. This briefing provides a practical insight into the Distressed Debt market and its inhabitants together with an appreciation of the features, options, risks and potential rewards. Suitable for: Bankers whose loans have become distressed. Private Equity and Venture Capital executives. Debt Traders. Hedge Fund managers. Fixed Income Managers considering the Distressed Debt market. Support staff for those dealing in / investing / lending in Distressed Debt area. Fund Managers. Institutional Investors, Private Bankers considering higher return + higher risk investments, Lawyers & Accountants, Market professionals & advisors who are dealing with corporate loans in distress/default
Facilities
Location
Start date
Start date
About this course
No prior knowledge of this market is assumed but a basic knowledge of the nature of Debt is assumed. The learning process will be reinforced through the use of workshops and case studies.
Reviews
Subjects
- Risk
- Market
- Loans
- Fixed Income
- Investment
- Appreciation
- Financial
- Private
- IT risk
- Equity
- Financial Training
Course programme
Content
Developments in the Distressed Debt markets
● Market characteristics
● Meaning of Investment Objective and Restrictions
● How and why we've reached this point
Classes of Debt, InterCreditor Agreements and their implications
● Appreciation of where you sit in the debt structure
● Understanding leveraged and complex debt structures
● Cross border issues
● Multiple debt facilities
● Waterfall of funds
● Senior/subordinated issues
● Treatment of hedging instruments
● Permitted payments
● Drag along rights continued....
Debt moratoriums
● Roles of the different parties
● INSOL principles
● Standstills
● Dynamics for differing lenders and creditors
● Management action - co-operation or frustration?
● Public-side investors
● External regulatory and political influences
● Sponsors, debt buy-backs and debt for equity swaps
Restructuring/Workout process
● Financial Restructuring
● Operational restructuring
● Sponsors and debt buy-backs
● Debt for equity swaps
● Value breaks and implications for restructuring
The Secondary Market for distressed loans
● Trading of distressed loans
● Mechanisms of a distressed loan trade
● Trading on European or US standards
● Restrictions on transfer
● When does the risk transfer, when does the voting right transfer
● Valuing distressed debt - key points to consider
● Creating an operative transfer agreement
This course can also be presented at your offices and tailored to meet your needs - details / price upon request.
Distressed Debt - In house