Lessons From the Credit Crisis -- Including Implications for Refinancings, Reorganizations and New Deals

July 13, 2010

The late 2000s produced the latest, and so far, greatest credit bust of all. This cycle was significant not just for the excessive leverage of the issuers, but for the excessive leverage of the lenders as well.

Our panel of industry insiders will give a perspective on the lessons learned from the recent credit crisis and major risks that remain. These include "crowding out" from sovereign debt and more than $1 trillion of impending below-investment-grade debt maturities.

The panel will discuss potential implications of the European sovereign debt crisis that is currently rattling world credit markets. We will examine how market participants may apply the lessons learned from the credit crisis to get deals done in a volatile environment. The panel will also review developments in the capital markets and innovations in the bankruptcy and reorganization process, which are having a profound impact on how deals are structured.

Opening Remarks:
Michael Cerminaro, Partner, Sound Harbor Partners LLC

Steven Miller, Managing Director, S&P Leveraged Commentary and Data

Michael Zupon, Partner, Sound Harbor Partners LLC

Anthony Grillo, Managing Director, American Securities Opportunities Fund

Steve Sterling, Global Head of Capital Markets, BlackRock

Mark Liscio, Partner and Co-Chair Business Reorganization and Creditors’ Rights Department, Kaye Scholer LLP

Tuesday, July 13, 2010

5:00 pm  Registration
5:30 pm  Program
6:30 pm  Cocktail Reception

Kaye Scholer LLP
425 Park Avenue (between 55th and 56th Streets)
19th Floor Conference Center
New York, NY 10022

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