Debtwire Direct Lending Forum 2023
In-person registration is now closed.
The Savoy, London
18
May
Panel: Managing stressed and distressed lending positions
Rising inflation, energy price increases and squeezed household budgets are affecting portfolio companies leading to defaults on debt repayments. How will direct lenders manage their stressed and distressed debt positions in a downturn? This panel will discuss:
- Which sectors are more at risk of stress and distress?
- How are terms being eroded through EBITDA adjustments?
- How can direct lenders support company restructurings?
- What are the trends in covenant resets and defaults?
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SpeakersWilliam Needham Managing Director KKR
Mark Wilton Managing Director Barings
Peter Dickens Partner, Restructuring and Insolvency PwC
Frédéric Nadal CEO and Managing Partner MV Credit
Tim Watson Partner Allen & Overy
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William Needham (London) joined KKR in 2014 and is a Managing Director of KKR Credit. He leads KKR's corporate restructuring and governance efforts across the European Private Credit and Special Situations strategies. Mr Needham currently sits on the boards of various portfolio companies including Petainer, Pillarstone and Tekfor. Prior to joining KKR, he was at Weil, Gotshal & Manges where he helped build the European restructuring and distressed investing business. Prior to this, Mr. Needham started his career at Jones Day in the business restructuring and refinancing group. Mr. Needham holds an L.L.B. from the University of Nottingham and a Distinction from Nottingham Law School.
Mark Wilton is a senior member of Barings’ Global Private Finance Group and a member of the European Private Finance Investment Committee. He is responsible for originating, executing and monitoring European private finance investments with management responsibilities. Mark has worked in the industry since 1996. Prior to joining the firm in 2005, Mark was with the Royal Bank of Scotland ("RBS") where he worked in the Corporate and Structured Finance ("CSF") business. During his time at RBS, Mark was influential in the successful growth of the London CSF team, which more than doubled its income within this period. Mark led a number of high profile transactions, structuring and arranging both senior debt and mezzanine finance in support of private equity sponsored deals. Prior to RBS, Mark was a Corporate Finance Adviser for Catalyst Corporate Finance, an independent boutique, and PricewaterhouseCoopers ("PwC"). Mark qualified as an ACA in 1996 at PwC and holds a B.Sc. (Honors) in Management Sciences from Loughborough University.
Frédéric Nadal co-founded MV Credit in 2000 and is CEO and Managing Partner. Frédéric built the origination capabilities of the firm and led more than 100 subordinated debt investments over the last 23 years. He is also Chairman of the Manager Board and Chairman of the ESG Committee. Prior to MV Credit, Frédéric worked at Intermediate Capital Group, Lone Star and PwC. Frédéric holds a Master (Honours) in Strategy and a B.A. from University Paris-Dauphine.
Tim is a restructuring partner based in London and is part of our global restructuring group.
Tim specialises in advising funds and alternative asset managers on distressed investments and restructurings and has worked on a variety of high profile restructuring transactions.