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 asuccessful loan 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 thebook
Book Details:
- Author: Subhrendu Chatterji
- ISBN: 9780470013281
- Year Published: 2001
- Pages: 334
- BISAC: BUS027000, BUSINESS & ECONOMICS/Finance
About the Book and Topic:
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 asuccessful loan 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 thebook
This important book examines techniques for loan workouts andcorporate rescues with a focus on international multi-lender loans.Entire sections of this book are devoted to: * Forming a debt workout department, with advice on organization,systems, and strategy development. * The entire restructuring process, with tips on informationgathering, review, and proposal writing. * Debt restructuring, with information on inter-creditorprovisions along with the principal terms and conditions.
About the Author
SUBHRENDU CHATTERJI has worked with banks and corporate clients onloan workouts and corporate restructurings around the world. Inaddition to advising on loan workouts-related strategy, systems andstructures within banks, he specialises in structuring debt forequity swap transactions. He is currently the Chief Executive ofConsultingBase, an exchange for consultants working in the emergingmarkets and developing countries. PAUL HEDGES is a Senior Manager with the Royal Bank of Scotland.Since 1989, he has been involved in the credit risk and debtworkout areas, both in the UK and Eastern Europe. Paul isparticularly experienced in the restructuring of the debt of large,multinational companies, and in multi-bank transactions. He hasparticipated in complex financial restructurings, both as a bankerand as a consultant to banks and comapnies.