September 2017
Feature Article
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Canadian Miners Offer Lessons in Resilience
Beginning in the second half of 2016, the Canadian mining sector started to crawl out of the prolonged downturn that started in 2011, when commodity prices peaked and started a long, slow decline. That decline prompted many in the turnaround and restructuring sector to plan for a lot of work in the sector. Ultimately, however, […]
More from this Issue
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Dealing with Disruption
As our political, economic, technological, and social foundations are being disrupted in ways and at speeds never before imagined, we are continuously challenged in how we conduct both our personal and professional lives: how we interact and connect with one another, how we work and conduct business, and, as turnaround professionals, how we turn around […] -
Newcomers: September 2017
Arizona Rollin Johnson, NOW CFO Scott Lazarus, Heritage Global Valuations Lewis E. Rieck, Chase Tyler A. Wible, Amerisource Funding Inc. Atlanta Michael C. Bagley, Action Capital Corporation Bowen K. Flowers, Phoenix Management Services LLC Alexander S. Frumkin, Guggenheim Securities LLC Jeff Gladstein, Turnaround Atlanta LLC Jeremy Griffin, Synovus Financial Corp Robert W. Kirsch, Stroudwater Associates Vijay Samtani, […] -
Milestones
Kim Attends Made in America Day at the White House Gordon Sign, the nation’s oldest sign company and an ongoing turnaround story, was selected to represent Colorado at a recent Made in America Product Showcase at the White House. Gordon Sign was joined by other small manufacturers, such as the Alaska Bowl Company, Eddie Heath’s […] -
Jeffrey R. Manning, CTP: A Good Sport
Jeffrey R. Manning, CTP, is a managing director of CohnReznick Capital based in the Baltimore office. He has more than 30 years of experience across the corporate recovery marketplace with activities in investment banking, loan workout, operating restructuring, value investing, bankruptcy advising, and loan trading. The 2013 annual Turnaround Atlas Awards global program recognized him […] -
10 Warning Signs for Construction Lenders that Problems May Be on the Horizon
In the current environment of high demand for labor and materials combined with a high risk of government intervention, construction lenders need to detect warning signs of a borrower’s financial difficulty at the earliest opportunity. Requiring best practices for reporting, compliance, payment, and other construction functions is the best way to minimize losses. The following […] -
Trusa Provides New Guidance in Developing Distressed LLC Case Law
Compared to the case law governing distressed corporations, the case law governing distressed limited liability companies (LLCs) is in its nascent stages. This is largely attributable to the fact that LLCs are a comparatively newer form of corporate structure and thus have lesser developed corporate governance rules to provide direction and guidance. Beginning in 2010 […] -
Why CFOs Need a Bigger Role in Performance Transformations
When managers decide that a step change in performance is desirable and achievable, they’ll often undertake a performance transformation. Such transformations are large-scale efforts that run the full span of a company, challenging the business fundamentals of every organizational layer. That includes the most basic processes in everything from research and development (R&D), purchasing, and […] -
E&P Financing: RBLs Trend Toward a New Normal
Distressed cycles often test the limits of “market” terms and documentation principles prevalent in industry-specific financing arrangements. For independent oil and gas exploration and production (E&P) companies, the industry turmoil that peaked in 2015-2016 put the fundamentals of reserve-based loans (RBLs) under the microscope. Now that many E&P companies have deleveraged their balance sheets and […] -
Despite Growth in Solar Power Industry, Profit Outlook Is Not So Sunny
The Chapter 11 filing of SunEdison Inc. on April 21, 2016, marked the end of an extremely wild ride for shareholders of the world’s largest renewable-energy development company. Considered both a hedge fund and retail investor darling at its peak, SunEdison enjoyed a more than 2,100 percent increase in its share price between 2012 and […] -
Canadian Miners Offer Lessons in Resilience
Beginning in the second half of 2016, the Canadian mining sector started to crawl out of the prolonged downturn that started in 2011, when commodity prices peaked and started a long, slow decline. That decline prompted many in the turnaround and restructuring sector to plan for a lot of work in the sector. Ultimately, however, […] -
From Uncertainty to Disruption
A year ago, uncertainty was the pervasive concern for a lot of people across our industry. That uncertainty covered a number of areas, both economic and political, on our shores and others. Twelve months ago the outcome of the U.S. election wasn’t clear, the risks arising from Brexit were unknown, and tepid growth prospects tempered optimism […]