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Debtwired!
Talking distressed with David Turetsky of White & Case
Dec 1, 2022
David Turetsky of White & Case discusses lender tension, rescue financing, cryptocurrency collapse, and challenges faced by distressed companies in this informative podcast.
27:20
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Quick takeaways
- Indicators such as inflation, high interest rates, and declining corporate revenues suggest a potential distressed cycle in the near future.
- The prevalence of covenant-lite debt can have significant implications in a recessionary environment, leading to creative transactions and potential valuation disputes between senior and junior creditors.
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The Likelihood of a Distressed Cycle
Several indicators suggest that a distressed cycle may be on the horizon, including increased inflation, high interest rates, stock market declines, the Russia-Ukraine conflict, declining corporate revenues, and softening deal volume. Factors such as companies facing maturities or liquidity crunches and an uptick in liability management transactions further reinforce the possibility of a distressed cycle in the near future.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode