Registration & networking lunch
Panel discussion — Current state of the market and future opportunities
The current market conditions are characterised by a lack of current investment opportunities for special sits and growth in credit funds and non-bank lending.
The panel will discuss:
The current state of the market for credit/special situation investing
The growth in credit funds as well as the seemingly shrinking opportunity set for deploying capital
Whether the pipe line is building or does the new era of low interest rates and monetary stimulus make stress a thing of the past?
Panel Discussion - Case Study on Axsesstoday
Axsesstoday, a publicly listed SME lender, was placed in administration in April 2019. The panel will look explore:
The decision to sell the business as a going concern, and the process and challenges faced in doing so
Issues and considerations relating to the acquisition of debt post administrators being appointed
The novel way in which the Deed Proponent financed the acquisition of Axsesstoday
Lessons learned from the administration in relation to SME lenders and future trends in the SME space.
Panel discussion – Sector spotlight: Restructuring in retail
With market dynamics in the retail industry shifting towards online and away from bricks and mortar, retailers in Australia and abroad are experiencing difficult trading conditions, and many retailers, including major brands, have entered insolvency processes in the last couple of years. This panel will discuss:
Specific issues arising in relation to restructuring retail businesses
Issues facing lenders and landlords with exposure to the retail market
Overseas experiences with restructuring retail businesses
The outlook for the retail industry – is it as grim as it seems?
Panel Discussion - Arrium Revisited, Lessons Learned
Administrators were appointed to Arrium in April 2016 after lenders rejected Arrium’s recapitalisation proposal. With a focus on lessons learned the panel will:
Revisit the period leading up to the appointment,
Comment upon how the administration process facilitated the sales of Arrium’s local and international businesses, and
Compare and contrast the return to creditors as between that offered under the recapitalisation proposal and that actually achieved
Event to close
*Agenda and speakers are subject to change