William ‘Tuck’ Hardie

William ‘Tuck’ Hardie, a Managing Director at Houlihan Lokey with over 20 years of experience in financial restructuring, discusses the rising wave of distressed debt driven by post-pandemic rate hikes. He shares insights on liability management transactions and the shift towards out-of-court restructuring. Tuck emphasizes the role of private credit and CLOs in prolonging distress scenarios. He also highlights the importance of monitoring creditor relations and the cyclical nature of current market vulnerabilities, including sectors like healthcare and telecom.