Debtwire Restructuring Forum Miami 2023

Miami, Florida

Cleary Gottlieb partner David Botter moderated a panel on the “Current State of the U.S. Restructuring Market” at the Debtwire Restructuring Forum Miami 2023.

The panel discussed key issues affecting North American restructuring, including:

• How are sponsor-backed companies facing challenging economic headwinds and how are sponsors defending investments to avoid a Chapter 11 filing?
• What will the longer-term impacts of high inflation be for leveraged borrowers?
• What is the current state of global tax planning and how can tax be a material contributor within restructurings both in and outside of court?
• Debt exchanges, distressed debt buybacks, asset dropdown transactions with unrestricted subsidiaries, non-pro rata capital raises, equity cures and negotiated covenants – how are creditors reacting to these maneuvers to avoid bankruptcies?
• Where do panelists see future restructuring activity? Will SPACs generate more bankruptcies in 2024?

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