Wiley Finance Ser.: Loan Workouts and Debt for Equity Swaps : A Framework for Successful Corporate Rescues by Paul Hedges and Subhrendu Chatterji (2001, Hardcover)

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About this product

Product Identifiers

PublisherWiley & Sons, Incorporated, John

ISBN-100471893390

ISBN-139780471893394

eBay Product ID (ePID)1789544

Product Key Features

Number of Pages336 Pages

Publication NameLoan Workouts and Debt for Equity Swaps : a Framework for Successful Corporate Rescues

LanguageEnglish

Publication Year2001

SubjectFinance / General, General, Corporate Finance / General

TypeTextbook

AuthorPaul Hedges, Subhrendu Chatterji

Subject AreaBusiness & Economics

SeriesWiley Finance Ser.

FormatHardcover

Dimensions

Item Height1 in

Item Weight23.1 Oz

Item Length9.8 in

Item Width6.9 in

Additional Product Features

Intended AudienceScholarly & Professional

LCCN00-068517

Dewey Edition21

Reviews"The book is needed quite simply because there is a dearth of information on corporate restructuring. At present the number of receiverships is going down and the emphasis is on workouts. In this respect the book is very timely.", , , #"I", , , #

IllustratedYes

Dewey Decimal658.15

Table Of ContentForeword by David Wilson Havelock. INTRODUCTION AND BACKGROUND. Introduction. Loan Workouts: What They are and Why They are Needed. STRATEGY, PARTIES AND THE PROCESS. A Framework for Managing Non-Performing Loans. Organisation and Systems Relating to Non-Performing Loans. Managing Loan Workout Transactions. The Company. The Banks. Other Key Participants in Loan Workouts. External Advisors. A Framework for Executing Loan Workouts. Turning Around a Business. The Information Gathering and Review Process. Exploring Loan Workout Options. Evaluating Restructuring Options and Developing Proposals. Negotiating and Completing Transactions. THE MORATORIUM AND FINANCIAL RESTRUCTURING. Establishing a Moratorium. Financial Creditors Affected by a Moratorium The Operation of Facilities in a Moratorium. The Concept of Loss-Sharing. Multi-Currency Considerations. Financial Restructuring. Inter-Creditor Provisions in a Financial Restructuring. Other Terms and Conditions. Introduction to Debt for Equity Swaps. Transaction Approach. Equity Instruments. Other Transaction Parameters. Other Technical Issues. CASE STUDY. Project Gloucester. Index.

SynopsisThe past 10 years has provided one of the longest sustained periods of economic growth for many western economies. There are signs that this may all be coming to an end. Japan, the UK and the US are but a small proportion of the developed countries that have experienced major economic downturns and associated bad debt crises in the recent past. Throughout the emerging markets and developing countries, companies are being restructured and, along with them, their finances. There is also an increased recognition around the world that rescuing, rather than liquidating, companies with a viable future is to the benefit of all the stakeholders. The demand for specialist loan workout skills has never been greater. Corporate distress is characterised by chaos, confusion and crisis. Unless the situation is stabilised and effective steps taken to restore confidence, it culminates in the companys failure. The key to a successful loan workout is to identify the problems accurately and address them early. It is critical that the companys underlying business and financial problems are resolved and not merely the symptoms. This book provides a practical guide to the entire range of issues relating to loan workouts. It is critical that an institution has appropriate systems, processes and resources to deliver successful rescues, and the reader is taken through the most important issues in this area. The book further provides a framework for a methodical, step-by-step approach to loan workouts. Technical issues involved in restructuring debt and equity, particularly in multi-lender loan workouts, are also explored in detail., The key to a successful loan workout is to identify the problemsaccurately and address them early. It is critical that thecompany's underlying business and financial problems are resolvedand not merely the symptoms. Loan Workouts and Debt for Equity Swaps examines how a successfulloan workout can be managed. It detail the processes andparticipants involved, whilst providing frameworks and practicalstep- by-step approaches that allow for a coherent and cohesivepolicy to give the best possible chance of success. The bookassists in the ultimate aim of providing a firm base for the futurehealth of the company involved and maximizing the lenders' returns.This work is not merely restricted to companies and banks involvedin the process, but other important participants in loanworkouts. Areas featured in the book are: * What loan workouts are and why they are needed * Non-performing loans related strategies, organization andsystems * Participants involved in loan workouts and theirmotivations * Symptoms of corporate distress and corporate turnaroundstrategies * Major steps involved in a typical loan workout transaction * Special issues relating to debt for equity swaptransactions * A case study illustrating many of the issues covered in the book, The importance of corporate rescues has grown dramatically, as lenders increasingly look for ways of restoring viable companies to health. The need for a successful strategy on loan workouts has been highlighted in recent years with problems not only in the old Eastern Block countries but the East Asia crisis and most recently Japan., Durch die zunehmende Globalisierung von Finanzdiensten kommt es immer häufiger zu Situationen, in denen Unternehmen (oder auch Regierungen) Kredite an eine Reihe von ausländischen Banken zurückzahlen müssen. "Loan Workouts, Restructurings and Corporate Rescue" untersucht verschiedene Methoden zur Umschuldung, wobei der Schwerpunkt auf Krediten liegt, die durch mehrere internationale Kreditgeber bereitgestellt wurden. Behandelt wird u.a. die Aufstellung einer Umschuldungsabteilung, der gesamte Umstrukturierungsproze (mit nützlichen Tipps zur Informationsbeschaffung, Überprüfung und Antragstellung) sowie die Schuldenumstrukturierung ( mit ausführlichen Informationen zu Vorschriften und anderen Kreditbedingungen). Mit einer internationalen Übersicht zu Umschuldungsstrategien in den USA, Gro britannien, Australien, Frankreich, Deutschland, Japan, Italien, Spanien, der Schweiz, Thailand und Malaysia. Ein unentbehrlicher Leitfaden für Finanzexperten.

LC Classification NumberHG4028.R4C46 2001