Alabama Matthew M. Cahill, Baker Donelson Bearman Caldwell & Berkowitz PC Arizona Nathaniel Curtis, Navigant Consulting Inc. Ry J. Neri Atlanta Michael Bouhadana, The Keystone Group Andrew Graziano, Synovus Financial Corp. Jay Harrison, Ellucian Mark M. Maloney, King & Spalding LLP Dennis...
The lifeblood of any industry association such as TMA is an engaged membership community. Engagement has many facets, but a key element of TMA’s plan for success is predicated on attracting and retaining the next generation of turnaround industry professionals as members. More than six years ago, I...
Many bankruptcy attorneys, financial advisors, and investment bankers who work in the distressed business industry believe that when interest rates increase to more historic levels the industry will enjoy a much-needed resurgence after five years of depressed engagement volume and fees. Clearly the...
The future of healthcare in America has never been so uncertain. Amid continuing political tensions, payer and patient pressures, and changes in the way that care is delivered, there doesn’t appear to be a clear and distinct path forward. And there may not be for quite some time, given Congress’...
An important decision related to the trading of bank loans was issued recently by New York State’s highest court. To the relief of the loan trading market, the decision reaffirms market practice surrounding the formation of binding obligations to close a trade. In Stonehill Capital Management et al...
One consistent theme can be found playing out in virtually every troubled and underperforming company: a sustained gap in effective leadership by the CEO. Throughout the life cycle of a business, normal ebbs and flows of both prosperity and challenges are natural. Businesses are continually...
For more than a decade, make-whole premiums, also referred to at times as prepayment premiums, prepayment fees, yield maintenance premiums, or similar terms, have been a common feature in bond indentures and credit agreements. The basic purpose of a make-whole premium is to compensate the investor...
At least up until now, the Japanese buyout market has disappointed many market players in terms of market volume, which, according to Asia Private Equity Review, was $3.6 billion in 2016. This is a 69 percent decrease from 2008 and represents less than 0.1 percent of the nation’s gross domestic...
The healthcare industry presents challenges for operators, landlords, lenders, vendors, and others doing business within the sector. The industry is virtually always in turmoil amid reimbursement rate modifications, new enforcement efforts, and the ongoing evolution of the delivery of medical care...
T his is the first in an occasional series of roundtable discussions by Certified Turnaround Professionals (CTPs) on issues impacting the turnaround, restructuring, and distressed investing industry. In this installment, Ruediger (Rudi) Mueller, CTP ; Robert D. Katz, CTP ; and Edward J. Sanz, CTP...
