Ross Rosenfelt

Join Armen Panossian, Co-CEO and Head of Performing Credit at Oaktree, along with Ronnie Kaplan, a Portfolio Manager for U.S. Senior Loans, and Ross Rosenfelt, a Managing Director and Restructuring Lawyer. They discuss the rising prominence of Liability Management Exercises (LMEs) and their benefits over traditional bankruptcy. The trio delves into the complexities of debt restructuring, uptier transactions, and the delicate balance between lender strategies and borrower assistance, all while navigating a volatile credit landscape.

Ross Rosenfelt, a managing director at Oaktree’s Opportunities Group with expertise in restructuring, shares insights into today’s distressed debt landscape. He discusses how disqualified lender lists may misguide sponsors by overlooking constructive funds. The conversation touches on innovative liability management strategies and the importance of collaboration in restructuring. Rosenfelt also reflects on his career transition from law to finance, the ambitious market mood amidst economic challenges, and the complexities of recent bankruptcy cases involving significant debt.

Ross Rosenfelt, Managing Director at Oaktree, dives into the evolution of liability management exercises (LMEs) and their game-changing effects on credit markets. With a solid background in restructuring, Ross explains how LMEs have shifted the dynamics between distressed companies and creditors. He shares insights on the mechanics of LMEs, the rise in their prevalence due to market conditions, and the challenges they pose for underwriting. Plus, he highlights the importance of culture and relationships in the investing landscape.