transcript   Transcript

The Restructuring Agreement and Sales of Distressed Assets

Recorded on: Feb. 6, 2017
Running Time: 01:01:42

Full Transcript:

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Taken from the Web Program Recent Developments in Distressed Debt, Restructurings and Workouts 2017 recorded February, 2017 in New York.

The Restructuring Agreement and Sales of Distressed Assets [01:01:42]

  • Negotiating a restructuring agreement;
  • Lockup agreements - negotiation and enforceability
  • Exchange offers; Trust Indenture Act issues
  • Disclosures
  • Sales of distressed assets-process, auctions, breakup fees, “free and clear,” “loan to own,” successor liability and credit bid issues – General Motors; Clear Channel and progeny; Fisker, et al; Can agents “drag along” unwilling syndicate members to credit bid on collateral?

Speakers:    Jacob A. Adlerstein, Joseph Samet

The purchase price of this segment includes the following article from the Course Handbook available online:

  • Lock-Up and Plan Support Agreements
    Jared R. Kasner, Alice Belisle Eaton
  • Exchange Offers
    Jared R. Kasner, Alice Belisle Eaton
  • Use of Break-Up and Topping Fees in Corporate, Restructuring and Bankruptcy Asset Sales
    Joseph Samet
  • Sales of Distressed Assets
    Alice Belisle Eaton, Jared R. Kasner

Presentation Material

  • Lock-Up and Restructuring/Plan Support Agreements, Exchange Offers, Sales of Distressed Assets, and Syndicated Credit Facilities: Collective Lender Action
    Jacob A. Adlerstein
Jacob Adlerstein ~ Paul Weiss Rifkind Wharton & Garrison
Joseph Samet ~ Baker & McKenzie LLP (Ret.)
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