Events

Winston & Strawn moderated and hosted a panel at the 14th Annual Reuters LPC Loan Conference titled"After the Fall: Navigating the New Credit Market" held on September 17, 2008 in New York. The panel addressed the following topics:

• Case Studies: How are recent transactions weathering the market tumult? What are the outcomes, lessons learned?
• Fair and balanced: How do emerging trends in structuring, documenting transactions impact the buyside, sellside?  
• How are Best Practices changing with respect to intercreditor agreements, MAC language, change of control, flex, covenants?

The Reuters LPC Loan Conference is one of the most widely-attended and well-established event in the loan market today, bringing together more than 500 financial professionals, key decision-makers and participants in the commercial loan market. Among the topics discussed at this year's conference were:

• Overview of the global loan market: A statistical story of the past 12 months
• The New Sellside? Who has underwriting capacity – and how do you tap into it?
• The Butterfly Effect: Why what happens in IGR CDS now ripples through leveraged loans. What you must know about cross-asset contagion
• The Macro View: Where are defaults (and losses) headed – and how can you get ahead of it?
• Structurally speaking: What sorts of deals are getting done – and what lessons can be taken from these experiences?

Winston & Strawn partner David Batty of the Charlotte office and Marvin Miller of the New York office coordinated and presented on the Winston & Strawn panel.

Other panelists included:

John A. Hatherly
President and Managing Partner
Wynnchurch Capital, Ltd.

Stephen M. Riddell
Senior Research Analyst and Portfolio Manager
Gulf Stream Asset Management, LLC

Scott Yarbrough
Director, Leveraged Finance
Wachovia Securities