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Annual Lender/Workout Panel a Sold Out Success

    By Paul Musser, Akerman LLP

    On June 20, 2023, the TMA Chicago/Midwest Chapter presented its Annual Workout Lender’s Panel.  The sold out event was hosted by Akerman LLP and included a reception following the panel. 

    The panel included leading Midwest special asset officers and private credit officers Bridget Anderson, Senior Vice President at Siena Lending Group, Robert “Bob” Shanahan, President at Wintrust Business Credit, Mark Smith, Managing Director at White Oak Commercial Finance, Rick Stone, Senior Director, Private Credit – Special Assets at Apogem Capital, and Hugh Wilder – Managing Director – Head of Special Loans at CIBC Bank USA.  Moderator Paul Musser, Partner at Akerman LLP, led an informative discussion that addressed trends in the workout of distressed credits and the refinancing of distressed debt, the current state of the restructuring market and existing economic headwinds, the importance of lender and borrower/sponsor relationships in workouts and refinancing and predictions for the remainder of 2023 and beyond. For those TMA members who were unable to attend, they can find a recording of the event at https://turnaround.org/chicagomidwest/members-only-webinar-recordings.