We invite you to join us for an interactive discussion focused on the challenges and opportunities involved in restructuring underperforming portfolio companies. Whether facing liquidity constraints, operational underperformance, covenant pressure, or shifting market conditions, investors and stakeholders must carefully evaluate the full range of restructuring alternatives available to protect and enhance value.
Our panel will provide practical insights into the restructuring process, examining both in-court and out-of-court solutions and the key considerations that drive decision-making during periods of financial distress. Through the discussion, we will walk through the case study of an imaginary middle-market company, illustrating how different stakeholders evaluate options and navigate critical inflection points.
The topics we will explore:
- Identifying early warning signs of distress and developing an effective turnaround strategy
- Evaluating operational, financial, and capital structure alternatives before liquidity becomes constrained
- The range of restructuring options available to sponsors, lenders, management teams, and investors
- When out-of-court solutions may be sufficient and when a bankruptcy filing may represent the best path forward
- Key considerations in managing creditor relationships, stakeholder negotiations, and value preservation
- Understanding the advantages, challenges, and costs associated with Chapter 11 and other formal restructuring processes
- Financing considerations during a restructuring, including liquidity management, DIP financing, and lender influence
- A step-by-step review of an illustrative portfolio company restructuring, examining how strategic decisions impact outcomes for stakeholders across the capital structure
Following the panel discussion, attendees are invited to join us for a networking reception featuring drinks and hors d'oeuvres. This will provide an opportunity to continue the conversation with fellow investors, lenders, advisors, and restructuring professionals, exchange perspectives on current market challenges, and build valuable connections within the middle-market community.
Speakers
- Christopher Fong, Counsel, Nixon Peabody LLP
- Tim Hassenger, Managing Director, Riverbend Special Situations Group