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2022 Agenda

8.30

Registration and morning coffee

9:00

Chairperson’s welcome and opening remarks

9:10

Opening panel session
State of the market: what does the future look like for mid-market debt?

  • War in Ukraine, supply chain disruption, energy prices, rising interest rates and inflation: how are the macro headwinds affecting the cost, availability, and appetite for debt?
  • What has been the impact on existing portfolios?
  • What strategies are managers using to take advantage of the bifurcation in the market?
  • Predictions for 2023: how will the market adapt through a potential downturn?

9:50

Panel session
Borrowers’ perspective: sourcing debt in today’s crowded market

  • What are the biggest changes that have been seen in terms of sourcing finance over the past 12 months? How easy has it been to secure funding?
  • What rates should borrowers expect? How do you determine what ‘normal’ looks like in a rapidly changing market?
  • Traditional vs. non-traditional debt: which do borrowers prefer and why? What are the pros and cons of each type of financing?
  • Relationship lending: does it really exist or is lending purely transaction driven? What are the key characteristics borrowers look for in a lender?

10:30

Case study
Portability of leveraged debt facilities

10:45

Coffee & networking

11:15

Panel session
Analysing the mid-market lending landscape

  • How competitive is mid-market lending today? What is the role of banks, debt funds, insurance companies and alternative lenders?
  • How are lenders differentiating themselves beyond pricing and documentation?
  • What factors separate good sponsors from bad? Has COVID-19 impacted who and what lenders will finance moving forwards?
  • How are lenders competing in the context of innovative products?

11:55

Panel session
Fundraising: how are investors viewing the opportunity set in private debt?

  • How is the macro environment affecting fundraising? To what extent has investor sentiment shifted in the face of inflation and rising interest rates?
  • How are investors allocating to private debt? What structures and products are investors using to gain access to the debt markets?
  • How are investors assessing the risk/return profile of specialist versus conventional debt strategies?
  • How are investors’ selecting their debt managers? What are the key elements to look for?

12:35

Case study
Expanding overseas: best practice for cross-border debt facilities

12:50

Lunch & networking

13:50

(running concurrently)

WORKSHOP STREAM A: Best practice: structuring loans to protect against future uncertainties

  • Structural considerations for multi-lender, multi-tranche deals
  • Terms are changing: what covenants should you expect?
  • What new clauses do you need to be aware of?

WORKSHOP STREAM B: Analysing the growing importance of ESG in debt strategies

  • What are investors’ expectations for engagement of ESG?
  • How far has the implementation of ESG come?
  • How are sustainability metrics being included in decision making?
14:30

(running concurrently)

WORKSHOP STREAM A: Loan restructuring and workouts

  • How to efficiently structure workouts
  • Managing defaults and dealing with enforcement issues
  • Are restructuring and creditor negotiations the only way to clear indebtedness?

WORKSHOP STREAM B: Reducing greenwashing: SFDR in focus

  • What do the SFDR regulations look like and are they working effectively?
  • Does the new regulation and the increase in ESG criteria actually lead to a change in behaviour?
  • How is ESG being incorporated into underwriting for article 8 and 9 funds?
15:10

Coffee & networking

15:40

Panel session
Beyond traditional sponsor-backed lending: the rise of specialty and niche finance

  • What are the pros and cons of asset-based and sector-focused lending strategies?
  • Annual recurring revenue (ARR) strategies: how can lenders reconcile it with a cashflow-based approach?
  • Sponsor-less lending: how does the origination, execution and performance compare?
  • What’s next? Emerging growth areas in specialty and niche finance.

16:20

Champagne roundtable discussions

A: Asset-backed lending (ABL)

B: Fund finance and NAV loans

C: Opportunities in distressed debt and special situations

D: Venture and growth debt strategies

17:00

Chair’s closing remarks

17:05

Cocktail reception

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