Institute for International Research

October 25, 2007

8:00 Workshop Registration and Morning Coffee

8:30 Workshop: Recognizing opportunities that the evolution of Intercreditor Agreements presents: Stand out and leverage your position among Second Lien, Senior and Subordinate Debt

• Mitigate risks through determining what structure is right for you
  - Subordination of rights v Subordination of payments
• Determine the best approach to Debt Restructuring and how to get the most value for the deal
• Establish the right position for Second Lien in Distressed Debt investing
  - Loan-to-own v loan-to-loan
  - Leverage your position among other players
  - Yield position v Control position
• Control your position at Bankruptcies through structuring effective Intercreditor agreements
  - What are the provisions that go into consideration while putting together such agreements
  - Trends in the evolution of Intercreditor Agreement
  - Determining your rights
  - CASE STUDIES: Second Lien at Bankruptcies – determine proper strategies to mitigate risks
  - Assess how Second Lien holds up at bankruptcies
  - Analyze enforceability of Intercreditor Agreements during bankruptcies

Kevin A. Krakora, Senior Managing Director, MESIROW FINANCIAL

Jeffrey M. Wolf, Attorney, GREENBERG TRAURIG 

Lisa B. Matalon, Senior Director, FITCH RATINGS CORPORATTE FINANCE

Michael L. Pizette, Managing Director, CRYSTAL CAPITAL

* There will be a 15 minute break during the workshop session

12:00 Workshop Concludes