Octus Radio
FTI’s Cynthia Romano Talks US Economic Resilience, Unique Restructuring Challenges and More
Apr 1, 2024
Cynthia Romano, Senior managing director at FTI, discusses the economy's resilience, unique restructuring challenges in healthcare and real estate, and FTI's diverse services. Topics include market predictions, industry challenges in healthcare and cannabis, adapting firm strategies to economic conditions, and innovative financial structures amidst liquidity challenges.
19:40
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Quick takeaways
- Despite economic challenges, significant liquidity in corporations and private equity postpones widespread restructuring.
- Unique financing structures like securitization provide innovative solutions for distressed companies within existing credit agreements.
Deep dives
Economic Resilience Amid Dire Predictions
Despite dire predictions of a recession in 2022, various indicators painted a challenging economic landscape, such as geopolitical uncertainties, inflation averaging 7%, supply chain crises, and tight labor with rising wages. However, the presence of significant liquidity, including substantial cash reserves in large corporations and private equity, mitigated the expected recessionary conditions. This liquidity allowed companies to amend and extend debt, fund improvements, and enhance portfolio companies, delaying widespread restructuring and recessionary impacts.
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