The American Bankruptcy Institute is bringing together industry leaders to discuss how they facilitated the Hertz chapter 11, one of the largest chapter 11 bankruptcies in recent years, during the pandemic, resulting in a successful exit from chapter 11 and restructuring.
The interactive discussion — moderated by Bloomberg Law — will include Katherine Bologna, the asset-based securitization lender; Amy Caton, counsel to the Official Committee of Unsecured Creditors; Bill Derrough, the lead investment banker; and Thomas Lauria, counsel for Hertz. This highly skilled group of professionals will discuss their strategies, how they employed aggressive, nontraditional steps to maximize the value of the company and the return to creditors, and how negotiation was of utmost importance. In a restructuring that combined sophisticated securitization models, substantial involvement by company management and the board of directors, supply chain challenges, and diverse interests, the team moved through the restructuring with strategic precision and confidence to deliver value to the company, its shareholders and, importantly, its creditors — resulting in a stronger company going forward.
The agenda for the virtual program will feature a robust discussion of the “anatomy” of the Hertz chapter 11, plus an opportunity to have your questions answered by the panelists.
- 12:00-1:00 p.m. EDT: moderated panel
- 1:00-1:30 p.m. EDT: Q&A from the audience
Thursday, October 14, 2021
12:00 - 1:30 PM EDT
This webinar is free to attend, and CLE is available to members in qualifying states.*
Jeff Fuller,
Moderator
Bloomberg Law
Katherine Bologna
Role in Hertz: Asset-
Backed Securitization
Lender
Deutsche Bank AG
Amy Caton
Role in Hertz: Counsel
to the Official Committee
of Unsecured Creditors
Kramer Levin
William Derrough
Role in Hertz:
Lead Investment Banker
Moelis & Company
Thomas Lauria
Role in Hertz:
Counsel to Hertz
White & Case
Moderated by
Sponsored by
* 1.0 hour of general CLE credit is available in the following pre-approved 60-minute-hour states (1.8 hours in 50-minute-hour states): AK, AL, AR, CA, DE, GA, IL, MO, NJ, PA, SC, TN, TX, VT, WI and WV. These states follow an approved-jurisdiction policy: AZ, CO, CT, NH and NY. ABI will submit attendance to DE, IL, NV, PA, TN and TX. Attendees from Illinois claiming credit more than 30 days after an event will be charged the $25 Illinois late-credit claim fee that went into effect on Jan. 1, 2020. For those jurisdictions not listed, ABI will not seek direct accreditation; attorneys will need to self-submit. Some states might not allow self-submission. ABI will issue certificates for attorneys to self-submit for approval. ABI charges an administrative fee of $5 for members and $25 for non-members upon requesting CLE credit for this program. Further details will be provided the day of the event.