May 'Collateral' Webinar: Chicago Chapter
Bryan Cave Leighton Paisner LLP
Virtual - Zoom Webinar
This event starts on Tuesday May 19th at 2:00 PM CDT.
Topic: Understanding Collateral in the Current Environment
The impact of the Coronavirus has had a dramatic effect on cash flows across the entire economy. With a sharp decrease in near term earnings and a decreased risk appetite from traditional lenders, companies will increasingly turn to asset-based facilities to help provide liquidity. Additionally, lenders will become ever more concerned about the value of their collateral, as the pandemic affects both appraised values and also advance rates.
We have assembled a panel of leading professionals to discuss these lending dynamics in the current financial crisis. We will discuss a variety of topics, including: How asset values are being affected by the pandemic, how lenders are adjusting to the new environment, effective strategies for borrowers to manage through their financing and liquidity issues, and the legal implications surrounding these complex dynamics. Join us for an insightful panel discussion with time for audience Q&A at the end.
Moderated by Dan Arnold, a senior executive at Hilco Global, a leading asset valuation, monetization, and advisory firm.
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Daniel Arnold joined Hilco Global in 2012 and currently serves as a Senior Vice President at Hilco Global where he is responsible for business development that leverages the entire platform of solutions across all asset classes and sectors. Additionally, Dan works collaboratively with key executives in several of the holding company operating units including Hilco Real Estate, Hilco Valuation Services, Hilco Receivables, Hilco Industrial, and Hilco Merchant Resources.
Prior to joining Hilco, Dan built a strong reputation as a highly regarding financial analyst in the commercial banking sector. He has served as an Associate Director in the Equity Research Department of Sandler O’Neill + Partners, L.P., a boutique investment bank in both New York and Chicago. His coverage focused on regional banks and thrifts. Dan has a deep understanding of how to properly structure and execute transactions to achieve the best possible outcome for his clients.
In 2010, the Financial Times/StarMine recognized Dan as the No. 1 analyst in the Commercial Bank sector. He has been frequently quoted in media outlets such as The Wall Street Journal, Bloomberg, and American Banker.
Dan holds a Bachelor of Science in Applied Economics and Management from Cornell University. He currently lives in Highland Park, IL with his wife and two daughters.
Darrick Martin, a Managing Director at Portage Point, specializes in assisting companies and stakeholders to improve both near and long-term profitability, cash flows, and valuation. With more than 20 years of operational turnaround and financial restructuring experience, Mr. Martin has successfully advised debtors, committees, lenders, private equity firms and growth companies through a spectrum of challenges
Darrick has recently advised and / or held senior interim management positions at Bristow Helicopter ($2 billon helicopter transportation provider), Hawker Beechcraft ($3 billion business and special mission aircraft manufacturer), JDS Uniphase ($2 billion optical communications equipment provider), CHC Helicopter ($1.3 billion helicopter transportation provider), Woodside Homes (national homebuilder), Erickson Crane and Force10 Networks. Darrick has also advised numerous lender groups and committees across a variety situations
Mr. Martin has wide experience across a variety of industries including aviation, manufacturing, retail, real estate, technology, hospitality, telecommunications and entertainment
Prior to joining Portage Point, Mr. Martin was a Managing Director at Alvarez & Marsal (A&M) where he spent more than 13 years guiding stakeholders through operational turnarounds and executing business diligence, financial restructurings and workouts, operational turnarounds, value creation initiatives and strategic alternatives as well as serving in interim executive roles for portfolio companies. Prior to A&M, Mr. Martin served six years with the Reorganization Services Group of a Big Four firm in San Francisco
Mr. Martin is a former member of the Board of Directors of the Northern California Chapter of the Turnaround Management Association (TMA) and a member of the Association of Insolvency and Restructuring Advisors (AIRA). Darrick is recognized as a Certified Insolvency Restructuring Advisor (CIRA) and Certified Public Accountant (CPA) (inactive) and holds a master’s degree from the Tepper School of Business at Carnegie Mellon
David Ellis is Co-President and a founder of GemCap. As a leading expert in the liquidation and asset appraisal industries, Mr. Ellis applies his experience and connections throughout all facets of GemCap. David continues to pioneer and develop proprietary and processes methods to protect assets which has allowed GemCap to remain successful in a higher risk market.
Through 2006, David Ellis served as President of Buxbaum Group and compiled 20 years of experience in the liquidation business.
David is active with the Young President’s Organization (YPO), Chief Executive Organization (CEO), and Commercial Finance Association.
Eric Prezant represents clients in a wide range of commercial deal making, including corporate and real estate acquisitions and dispositions, mergers & acquisitions, structuring of joint ventures, mezzanine and private equity transactions, and corporate restructuring and workouts throughout the country. He served for six years as a member of the firm’s global executive committee, and is the primary relationship attorney for several of the firm’s corporate, real estate, banking and financial institutions clients.
Eric aggressively represents his clients to maximize value and accomplish their specific strategic and financial goals. His pragmatic client-focused approach and cross-discipline expertise enables him to understand and effectively execute upon his clients' unique business objectives. As a result, he is able to leverage his specific expertise to maximize value and achieve superior results for his clients.
With respect to real estate acquisitions and dispositions, Eric has significant experience representing developers, operating companies, institutional investors, banks, and specialty lenders in the investment in, and the remediation, ownership and redevelopment of, commercial real estate, including the brownfield redevelopment and repurposing of end-of-useful life industrial properties. In these transactions, he leads a highly-skilled team of experts in the areas of real estate acquisition and land use, environmental remediation and risk transfer, joint venture and private equity capitalization, construction and development, and tax-efficient structuring.
Eric's commercial lending experience includes representing financial institutions in structuring, negotiating, and documenting commercial loan transactions, including asset-based loans, senior and mezzanine debt, acquisition financing, and bankruptcy exit financing. While his experience in commercial lending is wide ranging, he has specific expertise representing lenders in negotiating and restructuring troubled loans and in the enforcement of lenders’ and creditors’ rights and remedies, including Article 9 sales, commercial real estate foreclosures, receiverships, and assignments for the benefit of creditors. His experience also includes representing debtors in Chapter 11 bankruptcies and workouts, and representing strategic and financial buyers in the purchase and turnaround of distressed companies.
Eric is frequently invited to speak to groups of business professionals on the topics of commercial loan restructuring, alternative debt and finance, and acquisition and disposition of companies and commercial real estate. He has been distinguished as a top practitioner in commercial bankruptcy and restructuring by Chambers & Partners; by The Deal magazine as one of the nation’s Top Bankruptcy Attorneys, and as an Illinois Super Lawyer for multiple years.
Eric is also an active supporter and serves on the advisory board for the All Stars Project of Chicago, which is a not-for-profit organization that brings hope and opportunity to thousands of inner-city youth working to move them beyond the barriers of poverty.