Hosted by Paul, Weiss, Rifkind, Wharton & Garrison LLP
NY CLE: 1.5 Credits in Areas of Professional Practice, transitional and non-transitional
Program Chair: Lawrence G. Wee, Partner, Paul, Weiss, Rifkind, Wharton & Garrison LLP
Speakers:
William Hao, Counsel, Alston & Bird, LLP
Samantha Fang, Vice President, The D.E. Shaw Group
Xu Pang, Senior Associate, Paul, Weiss, Rifkind, Wharton & Garrison LLP
Eugene Park, Partner, Kirkland & Ellis LLP
Moderator: Lawrence G. Wee, Partner, Paul, Weiss, Rifkind, Wharton & Garrison LLP
Ever wonder why a company would undergo a debt restructuring? Ever wonder why a debt restructuring turns out the way it does? How did the company get to this point in the first place? Given the state of the economy, we probably all should know!
This program explores the timely topic of in-court and out-of-court debt restructurings from a business angle, informed by the legal framework of effective and contractual priority. Using a case study and the analogy of a layered “cake” to represent the various layers of a typical post-LBO capital structure, this interactive program will take the participants from the initial investment by a private equity sponsor in a company (and the business rationale for the capital structure), to an examination of the typical causes of financial distress, to the financial realities that will drive a resulting in-court or out-of-court debt restructuring. This program is based on a training program given by a major New York law firm and is designed for intermediate to beginning practitioners but is also relevant for experienced non-restructuring practitioners whose clients may be subject to financial distress.