A Distressed Company and Its Secured Lender 2018

Most businesses of any meaningful size in the United States have a line of credit or term loan with a bank or other lender that is supported by a lien on substantially all of the assets of that business. And a secured lender’s agreement with its borrower commonly provides the lender with very strong legal remedies in the event the borrower defaults on the loan (whether the default is a “payment default” or a “covenant default”).

What can a secured lender do upon a borrower’s default? What will a lender actually do upon a borrower’s default? What factors can and should a secured lender consider when deciding what action to take? What can and should a borrower do in this situation? This webinar discusses the industry norms and practices that secured lenders and advisors to distressed companies tend to follow when dealing with a defaulting borrower. It paints a picture of the path a “workout” may follow, discusses the leverage points that both the secured lender and the borrower may have, and explains the various possible outcomes.

Webinar Faculty

Moderator:

Jonathan Friedland

Jonathan Friedland is a principal at Much Shelist. He is ranked AV® Preeminent™ by Martindale.com, has been repeatedly recognized as a “SuperLawyer”, by Leading Lawyers Magazine, is rated 10/10 by… Read More

Panelists:

Andrew Currie

Andrew Currie is a partner in the Venable's Bankruptcy and Creditors’ Rights Group, which was named among the top five bankruptcy groups in the nation by Bankruptcy Law360 in 2010. … Read More

Rick Rosenbloom

Rick Rosenbloom is the founding Partner of Fuel Break Capital Partners, LLC, a national special situations investment and advisory firm. Rick has over 25 years of debt capital markets advisory,… Read More

Todd Zoha

Todd is a results-driven business executive specializing in developing and implementing financial and operational restructurings for distressed companies. He specializes in turning around underperforming companies by providing interim management services… Read More

William Henrich

William H. Henrich, co-chairman, provides clients with nearly 30 years experience in turnaround and crisis management, loan workout and bankruptcy consulting. He is highly experienced in helping debtors restructure their businesses,… Read More