Leveraged Lending - Challenges, Trends and Opportunities 

 

Date: Wednesday, March 14th 2018

Location: PricewaterhouseCoopers, 300 Madison Avenue, Auditorium, New York, NY

Time: Registration & Cocktails 5:30 PM – Program Start 6:15 PM 

 

Please join us for a discussion with our distinguished panel of experts in leveraged lending who will be sharing their perspectives on topics including:
  • Today's Market and Outlook - General trends observed in supply and demand, structures and documentation, repricing and refinancing.
  • Regulatory environment - Will there be a change in regulatory guidance for leveraged lending in 2018?  What could be the immediate impact?
  • Credit Risk Management:  How will tax reform impact risk migration of credit quality?  Are there concerns on liquidity in the space? 
 
Moderator:
   
Meredith Coffey, Executive Vice President, Research and Regulation, Loan Syndications and Trading Association (LSTA)
Meredith Coffey is Executive Vice President of the Loan Syndications and Trading Association (LSTA), and runs its Research and Regulation Department. Ms. Coffey coheads the LSTA's regulatory and CLO efforts, which help facilitate continued availability of credit and the efficiency of the loan market. In addition, Ms. Coffey heads a team of analysts that are responsible for analyzing current and anticipated loan market developments, helping the LSTA build strategy and improve market efficiency, and providing commentary through weekly newsletters, periodic conferences and webcasts. Ms. Coffey and the analyst team also engage market participants, press and regulators on issues and developments in the global loan market. Ms. Coffey has published analysis on the syndicated loan market in numerous books and periodicals, and has testified before Congress on issues pertaining to the loan and CLO markets. Prior to joining the LSTA, Ms. Coffey was Senior Vice President and Director of Analysis focusing on the loan and adjacent markets for Thomson Reuters LPC, working in and running loan research for 15 years. Ms. Coffey has a B.A. in Economics from Swarthmore College and a graduate degree in Economics from New York University.
 
Panelists:
 
Andrew Gordon, Chief Executive Officer & Co-Chief Investment Officer, Octagon Credit Investors 
Mr. Gordon co-founded Octagon in 1994 and subsequently managed numerous Octagon funds before assuming his current position.  He possesses over 30 years of experience in the below-investment grade leveraged loan and high yield bond asset classes, in both sell-side and buy-side capacities.
 
Prior to co-founding Octagon, Mr. Gordon was a Managing Director at Chemical Securities, Inc., where he focused primarily on the oil and gas industries.  Mr. Gordon advised on and arranged below-investment grade loans for corporate clients, while also undertaking special projects in M&A advisory and distressed credit situations.  Prior to Chemical, Mr. Gordon served as Vice President in the Acquisition Finance Division of Manufacturers Hanover Trust Company.  In this capacity, he structured, syndicated and managed leveraged buyout transactions.
 
From 2010 to 2015, Mr. Gordon served on the Board of Directors of the Loan Syndications and Trading Association, Inc. ("LSTA") and on the LSTA's Executive Committee.  He graduated Cum Laude with an A.B. in Economics from Duke University. Mr. Gordon holds FINRA Series 7 & 63 Registrations.
 
 
 
Randy Schwimmer, Senior Managing Director, Head of Origination & Capital Markets, Churchill Asset Management LLC
Randy Schwimmer is Senior Managing Director and Head of Origination and Capital Markets at Churchill Asset Management LLC. Churchill is a credit asset management firm affiliated with TIAA/Nuveen that provides senior debt to middle market companies.
 
Mr. Schwimmer is also editor/publisher of "The Lead Left," Churchill's weekly newsletter reviewing deals and trends in the capital markets and read by many influential industry participants.
 
In 2006, Mr. Schwimmer became a founding partner and Head of Capital Markets at Churchill Financial LLC, a middle market finance company acquired by The Carlyle Group in 2011. At Carlyle, he was a Managing Director responsible for all middle market loan capital markets activities, including loan structuring, syndications and distribution within the Carlyle GMS team.
 
Prior to Churchill, Mr. Schwimmer was a Managing Director and Head of Leveraged Finance Syndication for BNP Paribas where he structured and syndicated leveraged transactions for the bank's private equity clients. Before that, he spent 15 years at JP Morgan Chase in Corporate Banking and Loan Syndications in several capacities where he was responsible for originating, structuring and syndicating leveraged loans.
 
Mr. Schwimmer is a graduate of Trinity College (BA) cum laude and received his MA from the University of Chicago.
 
 
 
Glenn L. Stewart, Managing Director, Head of Syndicate, SunTrust Robinson Humphrey
Glenn L. Stewart serves as Managing Director and Head of Syndicate for SunTrust Robinson Humphrey.  He is responsible for the Fixed Income, and Equity Syndicate Functions as well as the Loan Sales and Loan Trading Desk.
 
Prior to joining SunTrust in June 2011, Glenn spent 18 years at Bank of America.  During his time at Bank of America he held a variety of leadership positions including Managing Director-GWIM Market Risk Executive, Managing Director-Head of US Loan Syndications, and Managing Director-Head of US Loan Syndicate/Leverage Loan Syndicate. 
 
Glenn holds a Bachelor of Arts in Economics Degree from Rutgers College-Rutgers University and a Master's Degree in Business Administration with a concentration in Accounting and Finance from University of Pittsburgh's Joseph M. Katz Graduate School of Business. He was also recognized by Treasury and Risk Management Magazine as one of the "100 Most Influential People in Finance".
 
 
 
Robert F. Cote, Program Manager for Shared National Credit Program, Board of Governors of the Federal Reserve System 
Mr. Cote is a Manager of the Shared National Credit Section within the Risk group of the Division of Banking Supervision and Regulation at the Federal Reserve Board.  For the past 20 years, Mr. Cote has been responsible for monitoring credit conditions affecting banking organizations and implementing System policies for supervising credit risk. 
 
Currently Robert is the Program Manager over the Shared National Credit Program, which monitors and examines over $4.3 trillion in syndicated credit facilities annually.  He oversees all FRS staff related to the SNC program, including examination operations, information technology, data collection and cleaning, as well as related wholesale credit analytics.  Previously, he served as the lead expert for retail credit risk issues related to credit cards, HELOCS, and auto lending.  Robert has also been involved in numerous system training initiatives, providing instruction in analysis of retail and wholesale business lines including leveraged lending, asset-based lending, and credit card lending.
 
Prior to joining the Federal Reserve Board, Mr. Cote ran his own consulting business (ETOC Enterprises) which focused on financial modeling and obtaining Government support for financing US businesses in overseas markets.  Mr. Cote also worked in the privatization and financial advisory services group of the International Finance Corporation (IFC), the private-sector arm of the World Bank. There he advised clients on business restructuring and expansion plans and worked on the valuation and sale of state-owned enterprises to global investors.
 
Mr. Cote earned degrees in Business Administration and Political Science from Northeastern University and attended John's Hopkins University in pursuit of a Masters in Business Administration. 

 

Thank you to our sponsors S&P Global Ratings and CEIS Review for their support of this program.

   

 
 

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