Debtwire Investors Summit 2017
April 6, 2017 | Convene Convention Center, New York
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
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.
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
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.
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?
North American Distressed Debt Outlook 2017 Update
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?