Managing Chaos in the Era of Loan Defaults

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Managing Chaos in the Era of Loan Defaults: What Lenders and Borrowers Need to Know
Tuesday, September 29, 2:00 p.m. - 3:00 p.m.
1.0 CLE credit / 1.2 CPE credits in Finance / 1.2 CEUs available
CLE has been accredited in Delaware and Pennsylvania. Additional jurisdictions pending.

In the world that is our new normal, actual, anticipated, or deferred loan defaults are swirling around everywhere. Are best practices that were employed just months ago applicable to today? With a whirlwind of borrowers requesting payment deferrals, interest-only periods on amortizing loans, waivers of defaults, and forbearances, what’s a lender to do? This panel is a must if you want to sharpen your expertise on negotiating tactics, the necessary due diligence that lenders should conduct when considering a debt modification or a forbearance agreement, recommended terms and provisions to include in each type of agreement, and what are reasonable asks versus a wish list from Hail Mary borrowers desperate to stabilize!

Speakers:
Sheila Calello, moderator, McCarter & English, LLP (TMA New Jersey)
Tom Goldblatt, CTPRavinia Capital LLC (TMA Chicago/Midwest)
Randi M. Hershgordon, CPA, Gibraltar Business Capital, LLC (TMA Philadelphia/Wilmington)
Rachel Jaffe MauceriMorgan, Lewis & Bockius LLP (TMA Philadelphia/Wilmington)
About the Speakers:

Sheila Calello, McCarter & English, LLP
Sheila Calello
Sheila chairs the firm’s Bankruptcy & Restructuring Practice. She concentrates her practice in all aspects of creditor’s rights, including workouts, state and federal court commercial litigation, foreclosures, defensive litigation, loan sales, forbearance agreements, and bankruptcy matters. Her extensive experience and proficiency spans numerous types of commercial claims and all types of commercial properties.

Sheila’s experience enables her to have a critical understanding of the unique business needs and objectives of her clients. She has developed long-lasting ties with her clients, who have relied upon her counseling in connection with collection or restructuring of their troubled loans or in defense of claims, including lender liability claim prevention.

Tom Goldblatt, CTP, Ravinia Capital
Tom Goldblatt, CTP
Tom founded Ravinia Capital in 1998 and serves as a Managing Partner. He has more than 20 years of operating experience in roles ranging from salesperson to CEO. Tom’s background in accounting, law, and general management allowed him to evaluate, invest in, acquire, and lead a number of private companies. Today, Tom leverages his experience to help company owners understand how to best tap capital markets or sell their companies for the best possible outcomes. Tom’s background gives him the unique ability to understand the needs and of both the company owner and buyer and can help all parties navigate the inevitable complexities involved in all transactions.

Randi Hershgordon, Gibraltar Business Capital, LLC
Randi M. Hershgordon, CPA
Randi has over 30 years’ experience in finance and accounting serving middle-market companies, where she has spent the last 15+ years in various leadership roles in the asset-based lending industry.  She is a Senior Vice President  at Gibraltar Business Capital, LLC  where she works closely with owners, investors, equity sponsors, and C-suite executives to understand the challenges facing their businesses and provide creative and flexible financing solutions to meet their working capital needs.

Randi brings a rare blend of keen underwriting, credit analysis, and risk management skills combined with a steadfast commitment to delivering personalized service and fostering strong, trusted working relationships.  Drawing upon her vast experience, she critically analyzes financial results and projections to create customized loan structures that maximize borrowing availability across various asset classes.

Randi serves on the Board of Directors of the Philadelphia/Wilmington Chapter of the TMA, the TMA Global Awards Selection Committee, the TMA NOW Philadelphia and Global Committees, the TMA Mid-Atlantic Symposium Planning Committee, and the Secured Finance Network (SFNet) Women in Secured Finance Committee.




Rachel Jaffe Mauceri
Rachel Jaffe Mauceri is Of Counsel with Morgan Lewis, based in the firm’s Philadelphia office. She has over 19 years of experience counseling clients in complex bankruptcy and restructuring matters. Her practice includes representing debtors, financial institutions, indenture trustees, pension and benefit plans, potential acquirers, and other significant creditors and parties in interest in prenegotiated and traditional bankruptcy proceedings, including debtor-in-possession financing, creditors’ rights and workouts, complex bankruptcy litigation, the purchase and sale of assets out of bankruptcy, and other aspects of bankruptcy and reorganization.

Rachel’s industry-related activities include active participation in TMA, including as current co-chair of TMA’s Global Network of Women and as a member of TMA Global’s Board of Directors. She is co-chair of the 2021 of TMA’s Mid-Atlantic Regional Symposium, and is on the board of and co-chair of the Network of Women for TMA’s Philadelphia-Wilmington chapter. Rachel regularly moderates and participates in panel discussions on bankruptcy-related matters and writes on current issues in bankruptcy.

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. - 1:30 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

1:30 p.m. - 1:50 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