Restructuring European High Yield Bonds

Past Event - Video Available | November.13.2015 | 8am - 10am (GMT Standard Time)

Orrick London

Over the past few years the European high yield bond market has been on a roll. Issuance has increased, yields have come down and the default rate has been close to zero. Institutional demand for European high yield bonds has been exceptional. Yet a near zero default rate is an historic anomaly which cannot go on forever.

What happens when liquidity dries up and issuers default? How should issuers protect themselves and manage creditors threatening to enforce security? What are the key issues for stakeholders wanting to implement a high yield restructuring?

Moderated by our European Restructuring Co-Head Saam Golshani, please join Stephen Phillips, Co-Head of Orrick's European Restructuring group, and Nell Scott, an Orrick London-based US High Yields and Capital Markets Partner, and our guests, Dorian Lowell, Partner at Gleacher Shacklock, and Justin Holland, Managing Director at Gleacher Shacklock, to discuss the issues surrounding the restructuring of European high yield bonds.

CLE Credits Available: N