OIDA Webinar Series: Opportunities to Enhance Liquidity
28 May 2020, 11:00 - 12:00
Short-term challenges in accessing liquidity are a result of some businesses having their supply chains fundamentally disrupted, being unable to operate and, in many cases, having little to no visibility on their outlook. Lenders have correspondingly shifted from being willing to lend subject to higher pricing and somewhat tighter covenants, to being much more focused on what the corporate earnings picture is over the short-term, medium-term and long-term.
This webinar will discuss some strategies on how to maximize debt capacity and operational flexibility under current financing arrangements and provide critical market intelligence as to the best practices possible in strategically dealing with COVID-19 effects and what liquidity-enhancing solutions are available in the market.
Mark Mandel, Baker & McKenzie LLP, Partner, Corporate & Securities Practice Group
Andrew Sagor, Baker & McKenzie LLP, Partner, Corporate & Securities Practice Group
About the Speakers
Baker McKenzie LLP is a transactional powerhouse with over 2,500 deal lawyers and expertise in over 46 countries.
Mark Mandel is a partner in the Corporate & Securities Practice Group based in New York and a member of the Firm's North American Private Equity Steering Committee. Mark advises public and private companies and financial sponsors in connection with investments, mergers, acquisitions, divestitures, unsolicited and friendly tender offers, proxy contests, complex joint ventures, public offerings and private placements of securities and restructurings. He regularly represents clients in competitive auctions, both as bidders and sellers. He also regularly advises boards of directors and special committees on corporate governance and fiduciary duties.
Mark has been named by Legal 500 as one of the leading lawyers in the US for mergers and acquisitions, and recognized by IFLR 1000 for mergers and acquisitions and capital markets. Mark has also been designated a "stand-out lawyer" by Acritas Stars.
Andrew Sagor is the Co-Chair of the Leveraged Finance Practice in North America and a partner in the Corporate & Securities Practice Group based in New York. Andrew mainly focuses his practice on structuring and negotiating market-shaping private equity and debt financing transactions.
Andrew routinely advises leading private equity firms and their portfolio companies, privately held and publicly traded Fortune 500 companies, hedge funds, alternative asset managers, lenders and other financial institutions on a wide variety of large cap and middle market financing transactions, including major leveraged buyouts, domestic and cross-border acquisitions and other leveraged financings, senior secured debt, high yield, bridge and mezzanine financings, workouts and restructurings, asset-based facilities, purchases of distressed debt and general corporate finance matters. Transactions range in size from tens of millions to in excess of USD 20 billion.
Known for his ability to advocate for clients in high-stakes negotiations and for his solutions-oriented approach, Andrew has successfully handled complex leveraged financing transactions in an array of industries throughout the United States and in international markets, including healthcare, industrials, manufacturing, transportation, technology, media and telecommunications, mining and restaurants.