Remedies for Distress: Nuances of the 363 Sale Process
The LSTA was pleased to present:
REMEDIES FOR DISTRESS: NUANCES OF THE 363 SALE PROCESS
Asset sales provide benefits and accelerated recoveries when a company is in distress. This program presented a distressed sale case study, analyzing issues from the distressed investment banker’s perspective and the related legal considerations. The discussion highlighted the essential steps, procedures, and potential pitfalls that can be expected in the sale process, commencing with the factors used to determine whether the sale should be conducted within or outside of bankruptcy and ending with the sale order. Attendees obtained insight into the issues related to due diligence, confidentially, stalking horse bidders, bid procedures, auction rules, and credit bidding aspects of the 363 sale process.
Larry Halperin, Partner, Chapman & Culter
Jay Jacquin, MD, Guggenheim Securities