Debtwire Investors Summit

Staying Ahead of Shifting Market Fundamentals

April 6, 2017, Convene, NEW YORK CITY

Welcome to Debtwire's 10th Annual Investors Summit!

For the corporate debt markets, 2017 looks primed to be a very interesting year as debt issuance surged in 2016, a new US administration was elected and the global geopolitical environment continues to change. The retail, financial, and energy sectors continue to present opportunities to distressed debt investors. Retail bankruptcies have become more complex as unsecured creditors are running into road blocks from vendor and landlord claims, among other issues. Renewed opportunities will emerge in energy as bid-ask spreads of E&P assets are beginning to narrow as deal making finally begins to tick up. What are the best practices for distressed investing across this complex market landscape? This year's Debtwire Investors Summit will provide expert insight from leading investors and practitioners on distressed debt and restructuring strategies within the current economic and political environment.

Registration and breakfast

Welcome Remarks


    Speaker
    Kate Marino, Deputy Editor, Debtwire

Keynote session


    Speaker
    Bill Brandt, Executive Chairman, Development Specialists, Inc.

Distressed Investment Strategies

Listen to a panel featuring preeminent investors and advisors debate and discuss the best strategies for distressed investment and provide insight for the most lucrative opportunities across the key industry sectors, geographical regions, instruments, and within the capital structure.

  • Assessing market bargains and avoiding overvalued assets.
  • Recalling last year's notable mistakes and miscalculations. What lessons can be applied in 2017?
  • Discussing market dynamics and ideas for energy, retail, financial services, and other sectors throughout the North American region.
  • Top ideas for 2017.

  • Speakers
    Michael Bevacqua, Managing Director, Bain Capital Credit
    Michael Lipsky, Partner and Portfolio Manager, MatlinPatterson Global Advisers LLC
    Michael Teplitsky, Managing Director, Wynnchurch Capital
    Keith Wofford, Partner, Ropes & Gray LLP
    Kyle Younker, Senior Reporter, Debtwire (moderator)

Coffee networking break

Caesars and Energy Future Holdings: Post-Mortem on Two Groundbreaking Cases

A recap of two of the largest and most complex restructurings in recent years: Caesars Entertainment and Energy Futures Holdings. Lengthy, highly contentious with numerous stops and starts, a detailed look at these cases and the precedents they’ve established.

  • Twists and Turns: Caesars’ injunctions and EFH’s make whole case book
  • Practical Concerns: Complications of REIT frameworks and regulatory approvals
  • Stalled Precedents: Caesars’ Involuntary bankruptcy, EFH’s post-petition interest and threats of fraudco statute of limitations extensions

  • Speakers
    Philip Anker, Partner and Co-Chair of Bankruptcy and Financial Restructuring Practice Group, WilmerHale LLP
    John Bae, Partner, Baker Botts LLP
    Jack M. Tracy II, Head of Legal Analysis for the Americas, Debtwire (moderator)

Fireside Chat


    Speakers
    Emanuel Grillo, Partner, Baker Botts LLP
    Kevin Phillips, Managing Director, Joint Global Head of Power, Renewables & Infrastructure, Jefferies

Retail Reinvention

The retail industry is scrambling to reinvent itself as consumers shift online from bricks and mortar shopping. The cases of Aeropostale, RadioShack, and Sports Authority have highlighted the nuances of how bankruptcies are negotiated within the industry. Our panel of leading practitioners will provide their insight on where there is money is to be made in distressed retail.

  • Negotiating with hedge funds and private equity lenders who are quicker to "pull the plug" on Chapter 11 retail petitioners.
  • What are the most effective balance sheet strategies for levered retailers to adopt?
  • Exploring financial engineering and controversial asset transfer tactics.
  • Liquidation and how to pinpoint when a retailer is better off dead than alive.

  • Speakers
    Gregg Galardi, Partner, Ropes & Gray LLP
    Bob Grosskopf, Co-President – Retail, Gordon Brothers
    Vince Pisano, Senior Covenant Analyst, Xtract Research
    Spencer Ware, Director, AlixPartners LLP
    Reshmi Basu, Assistant Editor- Americas, Debtwire (moderator)

Lunch

Investing Playbook Under The New Administration

President-elect Donald Trump has touted his track record as a businessman and dealmaker while recruiting several Wall Street veterans for high level cabinet positions to forge ahead with the biggest turnaround yet – the US Federal government. However, his policy positions on many business and economic issues can be hard to pin down, making investing in the Trump age anything but simple. What impact on the markets might we expect from the new administration?

  • Assessing opportunities from the administration's infrastructure plan of P3 projects and related project financing.
  • Discussing a prospective rustbelt resurgence and future of coal and manufacturing.
  • Dissecting Obamacare. How to play the healthcare market.
  • A new era of financial deregulation?

  • Speakers
    Carney Hawks, Partner, Brigade Capital Management
    Grant Nachman, Arrowgrass Capital Partners, LLP
    Trey Parker, Partner and Head of Credit, Highland Capital Management
    Angelo Rufino, Portfolio Manager, Brookfield Asset Management
    Paunie Samreth, Associate Editor - North America, Debtwire (moderator)

North American Distressed Debt Outlook 2017 Update

    Speaker
    Joanna Anderson, Managing Director, Cortland Capital Market Services, LLC
    Jason Hutton, Director, Cortland Capital Market Services, LLC

Coffee Break

Distressed Energy - Oil & Gas and Beyond

As oil prices remain volatile, and distress becomes more prevalent within power and electric utility companies, where do the best opportunities lie for investors within this complex industry? Our expert panelists will examine the recent trends in commodity downturns and provide a forecast for O&G and the wider energy sector.

  • Looking at industry's debt wall maturation and the refinancing challenge – risks and opportunities?
  • Which subsectors will offer the best distressed investment opportunities in 2017? Who will be the winners and losers?
  • What happens to oil and gas companies that exit Chapter 11? Is lower leverage encouraging consolidation in the space?
  • What are the key regulatory factors in the industry going forward?

  • Speakers
    Evan Lederman, Managing Director and Partner, Fir Tree Partners
    Sachin Lulla, Managing Director, Evercore
    Andrew Thomison, Partner, Baker Botts LLP
    Robb L. Tretter, Partner, Ropes & Gray LLP
    Jessica Zhou, Vice President, Carlyle Energy Mezzanine Opportunities
    Madalina Iacob, Associate Editor, Debtwire (moderator)

Event Concludes

Agenda is preliminary and subject to change

Lead Strategic Partner

Strategic Partners

Panel Sponsor

Debtwire Events
Debtwire does something unique: we report on debt situations before credit ratings are downgraded. Our global fixed income events are backed by expert analysis and in-depth market coverage, these insights give our attendees a powerful advantage.