Webinar
Andrew Currie presented "A Distressed Company and its Secured Lender" hosted by Financial Poise.
Most businesses of any meaningful size in the United States have a line of credit or term loan with a bank or other lender that is supported by a lien on substantially all of the assets of that business. This webinar discussed the industry norms and practices that secured lenders and advisors to distressed companies tend to follow when dealing with a defaulting borrower. It painted a picture of the path a "workout" may follow, discussed the leverage points that both the secured lender and the borrower may have, and explained the various possible outcomes.
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