The current financial crisis has created an unprecedented number of highly leveraged, cash-constrained companies struggling to meet debt obligations and covenants at a time when bondholders and lenders are looking for ways to protect their own financial interests.
As the crisis intensifies, companies will need to think strategically to devise creative approaches to managing their debt obligations and raising capital. We've brought together top Dorsey partners to discuss issues that financially challenged companies should consider in restructuring their debt.
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AGENDA
Debt Restructurings
Ted Farris and Steven Khadavi will discuss restructuring options available to companies that have outstanding debt securities, including public, private and Section 3(a)(9) exchange offers, private purchases of debt, cash tender offers and bondholder negotiations.
The Bankruptcy Alternative
Michael Foreman will discuss prepackaged plans and pre-arranged bankruptcies, the likely consequences of a "free-fall" bankruptcy and restructuring issues affecting non-US companies.