Ropes & Gray Partner Discusses Opportunities in the Distressed Debt Markets at Debtwire Forum
Keith Wofford, a partner in the firm's Bankruptcy & Business Restructuring practice, spoke on a panel at the Debtwire Distressed Debt Forum on May 20. Debtwire publishes real-time news and data for financial professionals in fixed income markets across the world and is part of the Financial Times Group.
Wofford spoke on a panel about 'Identifying Distressed Opportunities Ahead Of Time In An Increasingly Pre-Negotiated World'. The discussion covered numerous topics, including: industry sectors and event-driven situations where distressed opportunities are likely to arise in the next 18 to 24 months; means by which investors can achieve economic advantage through innovative use of legal precedents and transaction structures (such as through credit bidding, debtor-in-possession financing and limited-access right offerings); operational management of reorganization situations; and private equity investment in special situations.
Other panelists included Alex Greene, managing partner at Brookfield Asset Management; Seth Lemier, director at Versa Capital Management; and Kevin Nystrom, managing director at Zolfo Cooper. The panel was moderated by Jon Berke, assistant editor at Debtwire North America.