This webinar addresses the current issues facing lenders and producers in dealing with distressed reserve-based loans and present several creative alternatives for dealing with those loans in order to avoid the undesirable equity and debt restructurings of the past. The panel discusses the Chapter 11 debt and equity restructurings of these loans in prior down cycles, why those restructurings are no longer desirable to lenders in today’s environment, and how new alternatives being considered in the marketplace can produce better long-term results for the lender and the producer.
Although MCLE credit was previously obtained for this program in at least one jurisdiction (most likely Texas), such credit has expired and not been renewed by The Center for American and International Law. You may be able to obtain credit in certain jurisdictions (self-study credit), but the rules vary greatly by jurisdiction. Please review your jurisdiction’s MCLE rules and regulations before purchasing or viewing this program.
|Slides - Creative Alternatives for Lenders and Producers (569.6 KB)||20 Pages||Available after Purchase|
John Bradford is of counsel at Liskow & Lewis in Houston. Mr. Bradford practices energy and natural resources taxation, finance and corporate law at the state, federal, and international levels. His practice involves advising clients on the tax and business consequences of their acquisitions, dispositions, joint ventures, financing activities, hedging activities, and day-to-day business operations. He has advised clients regarding structuring complex energy and natural resources joint ventures, asset acquisitions and dispositions, and structured financings. He has represented clients before the Internal Revenue Service on audit, administrative appeal, and for private letter ruling requests.
Ann Rhoads is an energy investment banker to upstream, midstream, oilfield service companies and financial sponsors. She has more than 30 years of experience with Reserve Base Financing, Derivatives, Capital Structuring, Debt & Equity Capital Markets and M&A. Ann has worked in Houston, London and New York.
Steven Strom is an investment banker with over 30 years of experience working with companies and creditors in distressed, bankruptcy and other special situations. His clients include boards, shareholders, creditors and buyers of assets. He focuses on advising clients on complex company/creditor negotiations, valuation, debt capacity, asset sales, exchange offers, rescue and DIP financings, and restructuring negotiations. From 2016 to early 2018, Steven Strom was CEO of Blackhill Partners, an investment bank in Dallas. He was previously Global Head of Restructuring from 2008 to 2014 at Jefferies, and a Managing Director in the Restructuring Group at Jefferies from 2006 to 2008.
Michael Rubenstein is a shareholder in the Houston office of Liskow & Lewis. He is an experienced bankruptcy practitioner with a diverse commercial practice encompassing not only business bankruptcies, restructurings and reorganizations, but complex business litigation and criminal law. With a reputation for efficiency and effectiveness, his bankruptcy practice is largely devoted to the representation of creditors, often in the energy sector, in complex reorganizations throughout the U.S. Michael also routinely handles the defense of preference litigation in some of the largest bankruptcy cases in the U.S. and is certified in the area of business bankruptcy law by the American Board of Certification.
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