Impacts of COVID-19 on Higher Education

Sponsored by:



The Impact of COVID-19 on Higher Education: A Schism of Debt, Endowments, and Educational Challenges, Too
Wednesday, September 30, 2:00 p.m. - 3:00 p.m.
1.0 CLE credit / 1.2 CPE credits in Management Services / 1.2 CEUs available
CLE has been accredited in Delaware and Pennsylvania. Additional jurisdictions pending.

The larger universities may get banged up a little, but smaller colleges and universities were struggling before COVID-19; what will happen now? How is cash flow impacted? What is happening to dorms without any students living in them? Some colleges/universities are repurposing facilities but must continue debt service despite campus closures or state-mandated shutdowns. The situation surrounding these and other unanswered questions is changing every day—join us for up-to-the minute developments.

Speakers:
Robert Hershan, Alvarez & Marsal
Marjorie Kaufman, moderator, Getzler Henrich & Associates (TMA Northeast)
John Monaghan, Holland & Knight LLP
P. Miyoko Sato, Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.

 

TMA MEMBERS ONLY: read more about higher education distress on TMA Learning Link™.


About the Speakers:


Robert Hershan
Robert Hershan is a Managing Director with Alvarez & Marsal’s Turnaround and Restructuring practice, based in New York. He brings more than 30 years of commercial and legal experience and deep expertise in managing complex transactions and challenges, with emphasis on financial and operational improvement.

Since joining A&M’s Commercial Restructuring group, Mr. Hershan has served clients in manufacturing (Oreck Manufacturing Corp.), transportation (EoS Airlines), financial services (Lehman Brothers), higher education (Yeshiva University), language services and technology solutions (TransPerfect Global), and most recently, power generation (representing a Senior Lender Group of insurance companies). In the higher education sector, Mr. Hershan led the firm’s engagement with Yeshiva University, developing and implementing financial, operational, and academic restructuring strategies for sustainability of the university, across four campuses in New York City, at both the undergraduate and graduate levels. In language services, he led the Firm’s engagement as financial advisor to TransPerfect Global, assisting the court-appointed Custodian in decision making by the Custodian as a member of the client’s Board of Directors, including with respect to significant financial and operational matters, assistance in support of efforts to obtain audited financial statements and support in connection with the Custodian’s charge to implement the court-ordered sale of the Company. In power generation, he led the Firm’s representation of a Lender Group providing debt facilities to a financially distressed operator of a biomass fuel plant providing 100 percent of its electricity output along with renewable energy credits and capacity to a major utility in the Northeast U.S. He is currently engaged to lead a large team representing the Puerto Rico Department of Education with respect to its Federal grants from the U.S. Department of Education.

Mr. Hershan earned his bachelor's degree from the Wharton School of the University of Pennsylvania and his juris doctor from Fordham University School of Law.

Margie Kaufman, Getzler Henrich & Associates LLC
Marjorie Kaufman
Marjorie E. Kaufman, managing director, has provided turnaround and interim management services for companies around the country for over 30 years, and frequently serves in chief- restructuring-officer (CRO)and chief-financial-officer (CFO) positions. Margie has provided cash-flow-management services, conducted business-plan-viability analyses, designed and steered turnaround action plans, managed debt and equity placement, and sourced refinancing. Her expertise in forensic accounting is a valuable asset in many engagements, which have spanned many industries, including retail, distribution, high tech, manufacturing, education, healthcare, construction, road maintenance, and food and beverage.




John Monaghan
John J. Monaghan is an attorney in Holland & Knight's Boston office and serves as the co-national practice group leader of the firm's Bankruptcy, Restructuring and Creditors' Rights Practice Group. Mr. Monaghan is particularly focused on representing major case participants in complex commercial insolvency and restructuring matters, with a particular focus on Chapter 11 cases. He represents both U.S.-based companies and non-U.S. companies in both in-court and out-of-court domestic and cross-border insolvency proceedings. Mr. Monaghan's creditor representations focus on matters involving senior lenders, both in syndicated and bilateral deals. He also has extensive experience representing creditors' committees, equity committees, purchasers of assets, landlords, licensors, trustees, parties to prepetition contracts and leases, litigants in adversary proceedings and unsecured creditors. His experience crosses a broad array of industries, including finance, manufacturing, construction, real estate, higher education, energy, technology, telecommunications, retail, healthcare, resort and hospitality, franchise, food service, leasing, maritime and aviation. He advises clients on the business aspects of bankruptcy and workouts, and represents clients in matters in bankruptcy court, as well as in other state and federal courts.

P. Miyoko Sato, Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.
P. Miyoko Sato
Miyoko’s experience encompasses corporate debt and project financings for higher education institutions, multifamily housing, student housing, military housing, health care, charter schools, private schools, tribal gaming, hotels, museums, and solid waste disposal facilities. She is a frequent speaker on distressed debt topics and high-yield investments.

ConferenceAgenda

Agenda subject to change - all times in CDT
 

Tuesday, September 29, 2020  
8:00 a.m. - 11:30 a.m. 

Morning Coffee Shop Chat Rooms

Sponsored by MACCO Restructuring Group, LLC

8:45 a.m. - 9:00 a.m. Daily Announcements 
9:00 a.m. - 9:30 a.m.

Guided Meditation Class

Sponsored by Ritchie Bros

9:00 a.m. - 10:00 a.m.

Opening Session: Mega Trends 3.0               

Sponsored by Saul Ewing Arnstein & Lehr LLP

10:00 a.m. - 10:20 a.m.  VIP Access with Mega Trends 3.0 Panelists
10:30 a.m. - 11:30 a.m. 

TMA NOW Event 

Sponsored by AlixPartners, LLP

12:30 p.m. - 1:30 p.m.

General Session: Options! Options! Options! Alternatives to Bankruptcy       

Sponsored by Sherwood Partners, Inc.

12:30 p.m. - 3:30 p.m. 

Re-Energized Afternoon Coffee Shop Chat Rooms

Sponsored by MACCO Restructuring Group, LLC

1:30 p.m. - 1:50 p.m.  VIP Access with Options! Options! Options! Alternatives to Bankruptcy panelists 
2:00 p.m. - 3:00 p.m.

Education Session: Contested Issues in DIP Financing in the Uncertain World of Our New Normal

Sponsored by Riemer & Braunstein LLP

2:00 p.m. - 3:00 p.m.

Education Session: Managing Chaos in the Era of Loan Defaults: What Lenders and Borrowers Need to Know

Sponsored by McCarter & English, LLP

4:00 p.m. - 7:00 p.m. 

Spiked Coffee Shop Chat Rooms

Sponsored by MACCO Restructuring Group, LLC

4:00 p.m. - 5:00 p.m.  TMA 101: First-Timers and New Members Event 
5:00 p.m. - 6:00 p.m. 

Education Session: The Dark Days and Nights for the Sports Industry

Sponsored by FTI Consulting, Inc.

5:00 p.m. - 6:00 p.m.

Education Session: Beyond the Transaction: Stories of Post-Merger Integrations

Sponsored by CohnReznick LLP

6:00 p.m. - 7:00 p.m. 

TMA Variety Show 

Sponsored by Ritchie Bros

Wednesday, September 30, 2020  
8:00 a.m. - 8:30 a.m. 

Turnaround Yoga Class 

Sponsored by Ritchie Bros

8:00 a.m. - 11:30 a.m. 

Morning Coffee Shop Chat Rooms 

Sponsored by Newpoint Advisors Corporation

8:45 a.m. - 9:00 a.m. Daily Announcements 
9:00 a.m. - 10:00 a.m.

General Session: They Might Be Giants: The Titans of Today and Their Lessons from Along the Way

Sponsored by Hilco Global

10:00 a.m. - 10:20 a.m.  VIP Access with They Might Be Giants: The Titans of Today and Their Lessons from Along the Way panelists 
10:30 a.m. - 11:30 a.m. 

TMA NextGen Event 

Sponsored by Arch + Beam

12:30 p.m. - 1:10 p.m.

Keynote: Mariana Mazzucato: Never Waste a Crisis: Rethinking Capitalism During COVID-19

Sponsored by Gordon Brothers

12:30 p.m. - 3:00 p.m.

Re-Energized Afternoon Coffee Shop Chat Rooms

Sponsored by Newpoint Advisors Corporation

1:10 p.m. - 1:30 p.m.  VIP Access with Keynote Speaker 
2:00 p.m. - 3:00 p.m.

Education Session: Figuring Out Retail: What Was Already Bad Just Got a Lot Worse

Sponsored by Hilco Global

2:00 p.m. - 3:00 p.m.

Education Session: The Impact of COVID-19 on Higher Education: A Schism of Debt, Endowments, and Educational Challenges, Too

Sponsored by Alvarez & Marsal

4:00 p.m. - 5:00 p.m. 

TMA Awards Celebration: "Better Together Roundtable"

Sponsored by Ritchie Bros

4:00 p.m. - 7:00 p.m. 

Spiked Coffee Shop Chat Rooms

Sponsored by Newpoint Advisors Corporation

5:00 p.m. - 6:00 p.m. 

The Business IMPACT of Diversity and Inclusion: Strategic Conversation Workshop

Sponsored by Burford Capital

6:00 p.m. - 6:20 p.m. VIP Access with Diversity and Inclusion Workshop panelists 
6:00 p.m. - 7:00 p.m.  TMA Family Feud
Thursday, October 1, 2020  
8:00 a.m. - 11:30 a.m. 

Morning Coffee Shop Chat Rooms 

Sponsored by Gulf Coast Business Credit

8:45 a.m. - 9:00 a.m. Daily Announcements 
9:00 a.m. - 9:30 a.m. 

Impact Fitness Class 

Sponsored by Ritchie Bros

9:00 a.m. - 10:00 a.m.

Keynote: Duncan Wardle, Innovation & Creativity in a Virtual World

Sponsored by Burr & Forman, LLP

10:00 a.m. - 10:20 a.m.  VIP Access with Keynote Speaker Duncan Wardle 
10:30 a.m. - 11:30 a.m. 

TMA Talks: International 

Sponsored by Deloitte

12:30 p.m. - 1:30 p.m.

General Session: Will the Patient Survive? The Healthcare Industry in a COVID-19 World

Sponsored by Carl Marks Advisors

12:30 p.m. - 3:00 p.m. 

Re-Energized Afternoon Coffee Shop Chat Rooms

Sponsored by Gulf Coast Business Credit

1:30 p.m. - 1:50 p.m. VIP Access with Will the Patient Survive? The Healthcare Industry in a COVID-19 World panelists 
2:00 p.m. - 3:00 p.m.

Education Session: Intentions in Retention: Ethical Considerations When Being Retained in Bankruptcy Cases     

Sponsored by SM Financial Services Corporation

2:00 p.m. - 3:00 p.m. 

Education Session: Market Liquidity and Impact

Sponsored by Deloitte

3:30 p.m. - 4:00 p.m.  VIP Access 
4:00 p.m. - 7:00 p.m. 

Spiked Coffee Shop Chat Rooms

Sponsored by Gulf Coast Business Credit

4:00 p.m. - 5:30 p.m. 

Virtual Capital Connection + Networking Event

Sponsored by Duff & Phelps, LLC and Getzler Henrich & Associates LLC

5:30 p.m. - 6:30 p.m. 

TMA 'Big Tent' Celebration

Sponsored by Ritchie Bros