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

Events with "Omni-Channel" listed as the access type are available to both in-person and virtual attendees. 

*Invite-Only   **Additional Fee required

Tuesday, October 26, 2021     Access Type
1:00 p.m. - 3:30 p.m. Joint Executive Board/Board of Trustees Meeting*   In-person
3:00 p.m. - 7:00 p.m.  Registration Open sponsored by  Thompson Coburn | Hahn & Hessen   In-person
3:30 p.m. 4:15 p.m.  TMA Global Board Networking Reception*   In-person
4:15 p.m. - 5:15 p.m.  Certification Oversight Committee (COC) Meeting *   In-person
Tuesday, October 26, 2021     Access Type
1:00 p.m. - 3:30 p.m. Joint Executive Board/Board of Trustees Meeting*   In-person
3:00 p.m. - 7:00 p.m.  Registration Open sponsored by Thompson Coburn | Hahn & Hessen   In-person
3:30 p.m. 4:15 p.m.  TMA Global Board Networking Reception*   In-person
4:15 p.m. - 5:15 p.m.  Certification Oversight Committee (COC) Meeting *   In-person
4:15 p.m. - 5:30 p.m.  Chapter Presidents Council (CPC) Meeting*   In-person
5:30 p.m. - :00 p.m.  TMA Annual Conference Welcome (Back!) Party, co-hosted by TMA Tennessee    In-person
Wednesday, October 27, 2021      
6:15 a.m. - 12:00 p.m.  TMA Golf Scramble at Gaylord Springs**    In-person
8:00 a.m. - 6:30 p.m.  Registration Open sponsored by  Thompson Coburn | Hahn & Hessen   In-person
9:00 a.m. - 11:30 a.m.  Well...Shoot! TMA Shooting Clays at Nashville Gun Club** sponsored by CapitalPlus Construction Services   In-person
10:00 a.m. - 11:00 a.m. The First Spark: Annual Welcome and Virtual Orientation   Virtual 
11:00 a.m. - 3:00 p.m.  Specialty Coffee Barista Bar sponsored by CohnReznick   In-person
11:00 a.m. - 5:30 p.m.  The Down Home Social Saloon (Attendee Lounge)   In-Person
11:30 a.m. - 12:30 p.m. First-Time Attendee Networking Brunch Bites    In-person
12:00 p.m. - 12:30 p.m. TMA Connect Live: TMA Award Winners Circle    Virtual 
12:30 p.m. - 2:00 p.m.  TMA NOW / IWIRC Luncheon** sponsored by Arch + Beam and Carl Marks Advisors   In-person
1:30 p.m. - 2:00 p.m.  TMA Connect Live: CRO War Room   Virtual 
2:00 p.m. - 3:30 p.m.  Diversity, Equity & Inclusion - From Evolution to Revolution sponsored by B. Riley Financial   In-person
3:00 p.m. - 3:30 p.m.  TMA Connect Live: Diversity in Dealmaking   Virtual
4:00 p.m. - 4:15 p.m.  Networking Break    In-person
4:15 p.m. - 5:30 p.m.  Opening General Session Certain Uncertainty - The Prognosis for a Post-Pandemic World: Mega Trends sponsored by B. Riley Financial    Omni-channel
5:30 p.m. - 8:00 p.m. Opening Reception sponsored by Burr & Forman   In-person
8:15 p.m. - 9:45 p.m.  TMA NextGen Late Night at Lou/Na** sponsored by Alvarez & Marsal   In-person
Thursday, October 28, 2021      
6:30 a.m. - 7:30 a.m. TMA 5K Run/Walk**   In-person
7:30 a.m. - 8:30 a.m. Networking Breakfast    In-person
7:30 a.m. - 12:30 p.m.  Specialty Coffee Barista Bar sponsored by CohnReznick   In-person
7:30 a.m. - 6:00 p.m. The Down Home Social Saloon (Attendee Lounge)    In-person
7:30 a.m. - 6:30 p.m.  Registration Open sponsored by  Thompson Coburn | Hahn & Hessen   In-person
8:30 a.m. - 8:45 a.m.  Opening Remarks (Chair's Award and Annual Committee Awards)    Omni-channel
8:45 a.m. - 10:00 a.m.  General Session: Special Guest Speaker Former FBI Agent Gregory Coleman: Body Language Talks.  Are You Listening? sponsored by Gordon Brothers    Omni-channel
10:00 a.m. - 10:15 a.m. Networking Break    In-person
10:15 a.m. - 11:15 a.m.

General Session: The Supply is the Demand: Lessons Learned From Global Supply Chain Challenges sponsored by Hilco Global

  Omni-channel
11:15 a.m. - 11:30 a.m. Networking Break   In-person
11:30 a.m. - 12:30 p.m.  Education Session Breakout: Healthcare Trauma: What’s the Diagnosis for this Perpetually Troubled Sector? sponsored by ToneyKorf Partners   In-person
11:30 a.m. - 12:30 p.m.  Education Session Breakout: Obstinate Obstacles in the Hybrid Work Environment - Cybersecurity and Data Protection Challenges sponsored by Riemer & Braunstein   In-person
12:30 p.m. - 2:00 p.m.  TMA Awards Recognition and Keynote Luncheon with Stephanie Stuckey, CEO Stuckey’s Corporation sponsored by FTI Consulting   Omni-channel
2:00 p.m. - 2:15 p.m. Networking Break    In-person
2:15 p.m. - 3:15 p.m.  Education General Session: Rhythm and Blues - Understanding the Economics of the Music Industry sponsored by Arch + Beam   Omni-channel
3:15 p.m. - 3:30 p.m.  Networking Break    In-person
3:30 p.m. - 4:30 p.m.  Education Session Breakout: Reset on Regulation: What it Means for the Future of the Restructuring Industry   In-person
3:30 p.m. - 4:30 p.m.  Education Session Breakout: ESG Initiatives and the Energy Industry: Who’s Paying for Change?   In-person
3:45 p.m. - 4:15 p.m.  TMA Connect Live Body Language with Gregory Coleman   Virtual
4:30 p.m. - 5:00 p.m.  Bourbon Bar Break sponsored by White Oak Commercial Finance    In-person
4:30 p.m. - 5:30 p.m.  Virtually Ignited: Networking with a Spark   Virtual 
4:30 p.m. - 5:30 p.m.  Frist Museum Art Tour**    In-person
5:00 p.m. - 6:00 p.m.  Chair's/VIP Reception* sponsored by Gordon Brothers    In-person
6:00 p.m. - 8:30 p.m.  Closing Reception sponsored by Hilco Global    In-person
8:30 p.m. - 9:30 p.m. TMA After Dark sponsored by Steffes Group, Inc.   In-person
Friday, October 29, 2021      
8:00 a.m. - 8:15 a.m.  Announcements    Virtual 
8:00 a.m. - 10:30 a.m.  Networking Breakfast sponsored by Gibraltar Business Capital     In-person
8:00 a.m. - 11: 00 a.m. Specialty Coffee Barista Bar sponsored by CohnReznick   In-person
8:00 a.m. - 11:00 a.m.  The Down Home Social Saloon (Attendee Lounge)    In-person
8:30 a.m. - 9:00 a.m.  TMA Connect Live: International Networking    Virtual
9:15 a.m. - 9:45 a.m.  TMA Connect Live: Podcasts, Books, and Apps    Virtual
10:00 a.m. - 10:30 a.m.  TMA Connect Live: Path to TMA Leadership    Virtual