5th Global Forum on Investing in Distressed Debt
Post on 21-Oct-2014
DESCRIPTIONAt IQPCs 5th Global Forum on Investing in Distressed Debt, the leading funds and investors in distressed debt will discuss the state of the market as well as the cutting-edge strategies for successfully taking advantage of current conditions. Is now the time the buy? Will there be deepening discounts? What will the market look like one year from now? Attendees of IQPCs 5th Global Forum on Investing in Distressed Debt will benefit from the wealth of information shared over two full days of educational sessions and networking. For more info visit www.distresseddebtforum.com
IQPC-NY Global Distressed Debt 4.1
INVESTING IN DISTRESSED DEBT
5TH GLOBAL FORUM ON
Cutting Edge Strategies for Restructurings, Bankruptcies and Turnarounds
September 22-23, 2009 Millennium Broadway Hotel New York City, NY
Hear From Leading Experts Including:
Leading distressed debt funds and investors strategies for success Opportunities in corporate distressed bonds as well as residential and commercial real estate State of the economy and impact on distressed debt market Update on traditional financing and alternative financing options Update/lessons learned from the auto industry
Atalaya Capital Management
Babson Capital Management, LLC
Blackstone GSO Capital Partners
Ceres Real Estate Partners, LLC
CoBe Capital, LLC
DDJ Capital Management, LLC
Fidelity National Financial
Fortress Investment Group, LLC
Hartford Investment Management
Hildene Capital Management
Kellner DiLeo & Co.
Marathon Asset Management
New York City Comptroller/NYCERS
TIAA-CREF Investment Management
Versa Capital Management, Inc.
West Wheelock Capital
Attend and learn:
by June 26thto SAVE up
New this year -
Real Estate Break-OutSessions
Earn CLEand CPECredits
Finance IQ A Global Leader inFinancial Conferences
Who should attendIQPCs 5th GlobalForum on Investing inDistressed Debt:
5th Global Forum on Investing in Distressed DebtAdvisory Board:
Among theworlds mostcutting edge
financial conference organizers,Finance IQ provides strategic eventsacross the US, Europe, Asia and theMiddle East every year, educatingalmost 5,000 high-level executivesannually. Our comprehensive eventsprovide an unbiased, specialistforum where you can discuss theissues most important to you andnetwork with industry leaders.Finance IQ is a division of theInternational Quality and ProductivityCenter (www.iqpc.com), a globalconference company with officesacross six continents.
Peter AntoszykPartnerPROSKAUER ROSE LLP
Thomas KiriakosPartnerMAYER BROWN
Thomas SalernoPartner & Co-Chair InternationalInsolvency Practice, SQUIRE,SANDERS & DEMPSEY LLP
Stephen LernerPartner and Chair of the Bankruptcyand Restructuring Group, SQUIRE,SANDERS & DEMPSEY LLP
Distressed Debt Funds
Private Equity Funds
Limited Partner Investors (Pensions,Endowments, Foundations, HNW/FamilyOffices, etc.)
Legal, Tax & Accounting Firms
Lenders/Alternative Finance Providers
Consultants, Turnaround Firms andPortfolio Advisors
Data Providers and Trading Firms
Anyone wishing to gain an edge in thishighly competitive market!
Timing is everything, particularly in distressed debt investing. Knowing when to invest is crucialto maximizing your ROI. At IQPCs 5th Global Forum on Investing in Distressed Debt, theleading funds and investors in distressed debt will discuss the state of the market as well as thecutting-edge strategies for successfully taking advantage of current conditions.Is now the time the buy? Will there be deepening discounts? What will the market look likeone year from now? Attendees of IQPCs 5th Global Forum on Investing in Distressed Debt willbenefit from the wealth of information shared over two full days of educational sessions andnetworking.
Through panel discussions, formal presentations and interactive audience participation,attendees will gain valuable insights into: The State of the Market: Where We Are and Where Were Heading Government Programs Update Overseas Investing Turnaround Strategies for the Whole Business Opportunities in Distressed Structured Products Legal & Tax Aspects of Workouts, Defaults & Bankruptcy Alternative Financing Options - Hedge Funds and Private Equitys Role Residential and Commercial Real Estate Distressed Debt Lessons from Recent Filings in the Automobile Industry Up and Coming Asset Classes
Dont miss this unequalled opportunity; reserve your space now for IQPCs 5th GlobalForum on Investing in Distressed Debt!
Lisa RinglenSenior Conference DirectorFinance IQ, a division of IQPCwww.distresseddebtforum.com
2 Register Today: Call 1-800-882-8684 or visit www.distresseddebtforum.com
INVESTING IN DISTRESSED DEBT
5TH GLOBAL FORUM ON
8:00 Registration & Coffee
8:45 Opening Remarks from IQPC and Chairperson
Forum Co-Chair:Peter AntoszykPartnerPROSKAUER ROSE LLP
9:00 The State of the Market: Current Overview andFuture OutlookThe economy, where we are and where were heading Current outlook for distressed debt: Will there be more large-
scale deals in the coming months? Examining the pricing trajectory for the near-term: Where will we
be in the next six months? How much worse can it get? Consolidation of financial institutions and funds; impact on the
market Update on residential and commercial property distressed debt
opportunities Corporate bonds forecast: Which sectors are ripe for distress?
Moderator:Peter AntoszykPartnerPROSKAUER ROSE LLP
Panelists:Ivan ZinnFounding Partner & Chief Investment OfficerATALAYA CAPITAL MANAGEMENT
Curtis ArledgeCo-Head Of US Fixed IncomeBLACKROCK INC.
Jason NewSenior Managing DirectorBLACKSTONE GSO CAPITAL PARTNERS
10:00 Government Programs UpdateCurrent administrations initiatives including TARP, PPIP, TALF andtheir impact on distressed debt PPIP / Legacy Loan Program, Legacy Securities Program Good bank/bad bank outlook PPIP impact on CMBS market FDIC TARP - asset and portfolio acquisition opportunities Governments involvement in the bankruptcy process: What are
the longer term impacts of such heavy government involvementin what used to be dealt with by the courts?
The role of government and government-related entities andclaims in restructurings
Panelists to be announced checkwww.distresseddebtforum.com for updates.
11:00 Morning Networking Break
11:30 Fund Sponsors Strategy Roundtable Status of you current deals? Which new markets are you considering? What are your investment criteria? Leveraged loans: Good returns so far this year for the largest
names; will it continue?
Discussion on past performance vs. views of the future Hedge funds and private equitys role Acquisition strategies by private equity funds to acquire special
opportunities in a distressed market through debt acquisition Raising capital: How are you finding investors? Which types of
investors are you targeting? Are you using third-party marketers? Restructuring strategies: Workout war stories Overseas investing: New developments in the European market;
Are there still deals in Asia? Sponsor debt buy backs: New stimulus plan tax break may make
this a more attractive option, but is it worth it?
Moderator:Thomas S. KiriakosPartnerMAYER BROWN LLP
Panelists:Marti P. MurrayManaging Director & Portfolio ManagerBABSON CAPITAL MANAGEMENT LLC
David J. BreazzanoPresident, Chief Investment OfficerDDJ CAPITAL MANAGEMENT, LLC
Kate KutasiPrincipal/Portfolio Manager, KDC Distressed & High IncomeSecuritiesKELLNER DILEO & CO.
John BuckVice PresidentVERSA CAPITAL MANAGEMENT, INC.
12:30 Networking Luncheon
1:30 Distressed Debt Investing: Recent DevelopmentsImpact of workouts, defaults & bankruptcy on distressed debtfunds Workouts from the fund perspective Bankruptcy law update Cram-ups/cram-downs: What works and what doesn't? 363 Sales: Recent trends and structures
Presenter:Steven EllisPartnerPROSKAUER ROSE LLP
2:30 Operational Turnaround: A Case Study Going beyond the debt structure Whats the upside and when is it worth it? Driving working capital improvement Cash gap analysis
Presenters:Jeff JonesChief Executive OfficerJC JONES & ASSOCIATES, LLC
Terry NewcombPartnerJC JONES & ASSOCIATES, LLC
3:30 Afternoon Networking Break
Main Conference Day OneTUESDAY, SEPTEMBER 22, 2009
Main Conference Day OneContinued
4 Register Today: Call 1-800-882-8684 or visit www.distresseddebtforum.com
6:00 Networking Cocktail Hour
7:00 Day One Concludes
Track A: CORPORATE
4:00 Outlook for and Opportunities in DistressedStructured Products Outlook for distressed CDOs, CLOs, ABS Implications of CLO debt on the CLO and the industry: Are there
thresholds and whos making the decisions? Secondary market: Trading structured products
Panelists:Brett JeffersonPresidentHILDENE CAPITAL MANAGEMENT
Manish KapoorManaging PrincipalWEST WHEELOCK CAPITAL
Joel HolsingerManaging DirectorFORTRESS INVESTMENT GROUP LLC
5:00 DIP Financing: Recent Trends and Structures Current pricing, fees and interest rates With the increasing number of workouts and insolvencies, will we see
more DIP loans? Roll ups of old loans with the new lending Understanding what is necessary to obtain priming liens
Presenter:Brian TrustPartnerMAYER BROWN LLP
Track B: REAL ESTATE
Commercial Real Estate Distressed Debt Pricing, supply of product or lack thereof, trends in the market Lessons from recent retail filings Will large scale commercial RE defaults result in large commercial RE
distress or are most deals being "worked out" through extensions, lowrates etc?
Securities: Pricing, any deals on horizon to securitize distressed debt Assets (REO): Valuing, exit (sell, auction, rent) The rush to single loan and whole loan portfolio market: Is it
overcrowded with inexperience?
Panelists:Brian NewmanManaging Principal, CERES REAL ESTATE PARTNERS, LLC
William P. BowmanSenior Vice President, Investment ManagementHARTFORD INVESTMENT MANAGEMENT
James H. Ross,Managing MemberROSSROCK LLC
Residential Real Estate Distressed Debt From individual homes to MBS and the effect of the PPIP program, etc. Investing in RE single family distressed mortgages: What are the pitfalls? Residential Loans: What is trading (pricing, servicing, exit strategies)?
Moderator:Jay RollinsPrincipalJCR CAPITAL
Panelists:Rudy OrmanVice PresidentMARATHON ASSET MANAGEMENT
Ricardo KoenigsbergerManaging PartnerROCA MANAGEMENT
CONCURRENT SESSIONS BEGIN Please choose Track A or B
8:30 Opening Remarks
8:45 Deal Structuring: Legal & Tax Issues in Distressed DebtInvesting Examining the legal aspects of workouts, restructurings, defaults &
bankruptcy Mark to market rules and other accounting issues: Impact on future
investing Tax strategies Intercreditor agreement update & avoiding intercreditor litigation
Panelists:Thomas SalernoPartner & Co-Chair International Insolvency PracticeSQUIRE, SANDERS & DEMPSEY LLP
Elizabeth McGinleyPartnerBRACEWELL & GIULIANI LLP
9:45 Institutional Investors RoundtablePension plan sponsors, sovereign wealth funds, endowments &foundations, HNWs and family offices: Who is investing in distressed debt?What are the returns? Are you increasing allocations to this market?
Panelists:Eric EdidinManaging PartnerARCHER CAPITAL MANAGEMENT
Sheryl SchwartzManaging Director, Alternative InvestmentsTIAA-CREF
Joseph J. HaslipAssistant Comptroller for Pensions NEW YORK CITY COMPTROLLER/NYCERS
10:45 Morning Networking Break
11:15 Acquiring Controlling Stakes In Distressed Companies Turnaround strategies for the whole business, not just the debt Managing the control part: Dealing with stakeholders, appointing
managers, defining new strategy Acquiring a company through a 363 transaction
Moderator:William I. KohnAttorney at LawBENESCH, FRIEDLANDER, COPLAN & ARONOFF LLP
Panelists:Ken McMillenManaging DirectorCOBE CAPITAL LLC
Joe FarricielliSenior Vice PresidentFIDELITY NATIONAL FINANCIAL
Ross GatlinChief Executive Officer & Managing PartnerPROPHET EQUITY
12:15 Lessons from the Chrysler and General Motors Chapter11 Cases Section 363 Sale of good assets -- legal or just expeditious? Have the Courts re-written the priority scheme of the Bankruptcy Code? The need for speed -- is it real or imagined? Role of the US Government Unintended consequences Who is next?
Presenter:Stephen LernerPartner and Chair of the Bankruptcy and Restructuring GroupSQUIRE, SANDERS & DEMPSEY LLP
1:15 Networking Luncheon
2:15 Finance Providers Roundtable Alternative financing options: New innovative strategies Who are the finance providers now? Is there any traditional financing available? Lender liability/re-characterization/equitable subordination: Lots of smoke,
any fires? Liquidity without CLO's: Who will fill the gap? The next wave Mezzanine financing: What are Mezz lenders doing when they don't have
the capital to "take out" the senior debt in a borrower maturity default? Reconsidering the intercreditor agreement: Lessons from the trenches
Moderator:Stephen BoykoPartnerPROSKAUER ROSE LLP
Panelists:Jay RollinsPrincipalJCR CAPITAL
Joel HolsingerManaging DirectorFORTRESS INVESTMENT GROUP LLC
Peter J. UlmerSenior DirectorWELLS FARGO RETAIL FINANCE, INC.
3:15 IQPCs 5th Global Forum on Investing in Distressed DebtMain Conference ConcludesFollowed by Post-Conference Workshop
Main Conference Day TwoWEDNESDAY, SEPTEMBER 23, 2009
EARN CLE CREDITS: IQPC will seek CLE accreditation in thosestates requested by registrants (post conference) which havecontinuing education requirements. This is subject to the rules,regulations and restrictions dictated by each individual stateorganization. Application for accreditation of this course orprogram in all CLE approved states is currently pending. ForFinancial Aid Policy information and to request CLE credits,please indicate so when calling to register: 1-800-882-8684,or on the online registration form.
EARN CPE CREDITS: Penton Learning Systems d.b.a International Quality andProductivity Center is registered with the National Association of State Boardsof Accountancy (NASBA), as a sponsor of continuing professional education on
the National Registry of CPE Sponsors. State boards of accountancy have final authorityon the acceptance of individual courses for CPE credit. Complaints regarding registeredsponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth AvenueNorth, Suite 700, Nashville, TN 37219-2417. Website: www.nasba.orgThis program stands as BASIC as there are no prerequisites or advanced preparationrequirements to attend our conferences. Group Live delivery method.
Post Conference Workshop WEDNESDAY, SEPTEMBER 23, 2009
About our SponsorsChair Sponsor:Proskauer Rose is one of the
nation's leading law firms. Founded in 1875 and headquartered inNew York City, the firm also has offices in Boston, Los Angeles,Washington, Paris, Boca Raton, Newark, and New Orleans. Wehave over 700 attorneys who provide a broad spectrum of legalservices to major corporations, financial institutions and otherclients worldwide. Our Distressed Debt Group is a dedicated teamof multidisciplinary attorneys that focus on representing funds indistressed situations throughout the world. Website:www.proskauer.com
Sponsor: Mayer Brown: The lawyers in Mayer BrownsRestructuring, Bankruptcy and Insolvency practice have
broad international experience representing creditors and investors in every aspect ofa troubled situation. We represent a wide array of institutional clients, including manyFortune 500 companies, in M&A activity in distressed situations and in structuringout-of-court workouts and restructurings, including DIP and exit financings . MayerBrown is a leading global law firm with 1,800 lawyers in 21 key business centersacross the Americas, Asia and Europe. Website: www.mayerbrown.com
The JC Jones & Associates Business Turnaround Practice providesoperational and financial turnaround, crisis management and
restructuring, bankruptcy, liquidation and trustee services. The practice regularly drivesboth top and bottom line business performance, delivering real EBITDA improvement.The firm achieves significant improvements in cash flow and working capital byidentifying and resolving core operational issues that cause distress - people, process,and technology as well as issues related to capital structure. All JC JonesPerformance Improvement and Turnaround professionals are senior level executiveswith broad operational backgrounds across all business cycles and experience that is
unparalleled in the turnaround industry. The firm has a wide reach geographically anddiverse industry experience. In recent years, JC Jones has won two nationalTurnaround-of-the-Year awards, a Transaction-of-the-Year award, and an Ethicsaward. Website: www.jcjones.com
Squire, Sanders & Dempsey L.L.P. One of the five most global US-based law firms, has more than 850 lawyers in 30 offices and 14
countries around the world. With one of the strongest integrated global\ platformsand a longstanding one-firm philosophy, Squire Sanders provides sophisticatedseamless legal counsel worldwide. Website: www.ssd.com
Benesch is a business law firm with multiple offices inCleveland, Columbus, Wilmington, Philadelphia and Shanghai.
Our Business Reorganization Practice Group represents a diverse range of corporationsin workouts and as debtors-in-possession, as well as creditor interests, committeesand lenders, and has extensive experience in all major professional capacities ofpublic, corporate and large private entity chapter 11 practice, creditor compositionsand other methods of restructuring debt. The Business Reorganization Practice Groupis devoted to matters concerning bankruptcy and restructuring and has a growingteam of attorneys whose practice is exclusively dedicated to matters concerningbankruptcy and enforcement of creditors rights. Website: www.beneschlaw.com
Bracewell & Giuliani LLP is an international law firm with more than450 lawyers in Texas, New York, Washington, D.C., Connecticut, Dubai,
Kazakhstan and London. We serve major financial institutions, leading privateinvestment funds, Fortune 500 companies, governmental entities and individualsconcentrated in the energy and financial services sectors worldwide.Bracewell provides guidance on business law, finance, litigation, government relationsand regulatory policy. As a full services firm, Bracewell has considerable benchstrength in all requisite practice areas including government relations, strategiccommunications, tax, trial, labor and employment law, intellectual property, realestate, government contracting and school and public law. Website:www.bracewellgiuliani.com
6 Register Today: Call 1-800-882-8684 or visit www.distresseddebtforum.com
Sponsorship and Exhibition OpportunitiesSponsorships and exhibits are excellent opportunities for your company to showcase its products and services to high-level, targeted decision-makersattending the 5th Global Forum on Investing in Distressed Debt. IQPC and Finance IQ help companies like yours achieve important sales,marketing and branding objectives by setting aside a limited number of event sponsorships and exhibit spaces all of which are tailored to assistyour organization in creating a platform to maximize its exposure at the event.
For more information on sponsoring or exhibiting at the 5th Global Forum on Investing in Distressed Debt, please contact Mario Matulich at (212)885-2719 or email@example.com.
3:30 pm 5:30 pm Registration at 3:15 pmDistressed Assets and Joint Venture Equity in the New Era
Joint Venture Equity Overview Sponsor equity Joint venture equity Equity investments analysis: Deep dive into IRRs, waterfalls, and profit multiples Comparing mezzanine financing and equity financing Opportunistic funds vs. standalone joint venture transactions
Distressed Assets 101 Distressed assets overview
Bankruptcy issues: The basics that you must know Loan defaults: What are the options? Note sales: Understanding the process and the opportunities Foreclosures: Things you must know REO: How banks view it and how to profit from it Negotiating workouts with banks
Your Workshop Leader:Jay Rollins, Principal, JCR CAPITAL
Registration InformationRegister by 6/26/09 Register by 7/10/09 Register by 7/24/09 Register by 8/21/09 Standard Price
Conference Only (Save $800) $699 (Save $600) $899 (Save $400) $1,099 (Save $200) $1,299 $1,499
Workshop $250 $250 $250 $250 $250
Visit www.distresseddebtforum.com for explanation ofQualified Investors and All Others.
Please note multiple discounts cannot be combined.
A $99 processing charge will be assessed to all registrationsnot accompanied by credit card payment at the time ofregistration.
MAKE CHECKS PAYABLE IN U.S. DOLLARS TO: IQPC
* CT residents or people employed in the state of CT mustadd 6% sales tax.
TEAM DISCOUNTS: For information on team discounts,please contact IQPC Customer Service at 1-800-882-8684.Only one discount may be applied per registrant.
SPECIAL DISCOUNTS AVAILABLE: A limited number ofdiscounts are available for the non-profit sector,government organizations and academia. For moreinformation, please contact customer service at 1-800-882-8684.
Details for making payment viaEFT or wire transfer:JPMorgan Chase - Penton LearningSystems LLC dba IQPC: 957-097239ABA/Routing #: 021000021Reference: Please include the nameof the attendee(s) and the eventnumber: 11705.003
PAYMENT POLICY: Payment is duein full at the time of registration andincludes lunches, refreshment anddetailed conference materials. Yourregistration will not be confirmeduntil payment is received and may besubject to cancellation.
For IQPCs Cancellation,Postponement and SubstitutionPolicy, please visitwww.iqpc.com/cancellation
VENUE & ACCOMMODATIONS:Millennium Broadway Hotel145 West 44th Street, New York - USA 10036-4012Phone: (212) 768-4400Website: www.millenniumhotels.com
IQPC has secured a special group rate for participants at MillenniumBroadway Hotel New York of $379 + tax (single occupancy). To makereservations, please contact the hotel directly at (212) 768-4400.Reservations must be booked before September 9, 2009. Rate is also valid3 days pre and post event, subject to availability. Please identify you arepart of Distressed Debt - IQPC to ensure the group rate.
SPECIAL DIETARY NEEDS: If you have a dietary restriction, please contactCustomer Service at 1-800-882-8684 to discuss your specific needs.
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INVESTING IN DISTRESSED DEBT
5TH GLOBAL FORUM ON
Register by 7/24/09 Register by 8/21/09 Standard Price
Conference Only (Save $600) $1,899 (Save $300) $2,199 $2,499
Workshop $250 $250 $250