| Wednesday, May 5, 2:00 - 3:15 | view all sessions this time |
| Corporate Finance Advanced | view all sessions this track |
| 502-Debt Covenant Compliance in Today’s Colder, Crueler Credit Markets | |
| It is never a good time to run afoul of your loan agreements but today it is especially important. The recent uncertainties in the credit markets are giving banks reasons not to lend or reasons to renegotiate an existing credit on terms more favorable to
them. With fewer financial alternatives companies may be jeopardizing their access to additional liquidity by poorly managing their outstanding debt. In fact, lenders are worried that the apparent lack of attention by many of their customers on managing their loans that could lead to some very bitter discussions at some time in the future. |
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| Learning Objectives: | |
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Understand the current state of the credit markets. |
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Know the importance and best practices of a comprehensive covenant compliance process. |
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Appreciate the value of an automated approach to debt covenant
compliance. |
| Bruce
Lynn, The FECG, LLC Bruce has over 25 years of corporate and banking experience in all aspects of treasury and financial management by successfully tackling major assignments in such areas as treasury operations, cash and working capital management, strategic planning, credit, systems implementations, and enhancements. He is an expert in cash management and in selecting and implementing corporate treasury workstations. Bruce has been a contributor to the Association of Financial Professional’s Exchange and has made numerous presentations to the AFP and its regional associations, the National Association of Corporate Treasurers, and the Institute of Internal Auditors. Jim Simpson, Debt Compliance Services, LLC Jim Simpson is the Co-Founder of Corporate Finance Solutions, an independent treasury consulting firm specializing in debt covenant management. His 35 year career includes 23 years in corporate finance positions as Treasurer, Novartis US; Assistant Treasurer, Combustion Engineering; CFO at C.S. Brooks (a $200M private company); and Moore Medical Corporation (a $300M public company). He has been a consultant for 12 years with KPMG, Greenwich Treasury Advisors and Corporate Finance Solutions. Jim has led or advised on financings totaling over $4.0 billion. |