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Senior Lending Returns -- Rebirth of a Market,

and What It Means for LBO Dealmakers

 A MasterClass by the New York Capital Roundtable

Wednesday, May 5, 2004

7:30 a.m. - 5:30 p.m.

Harvard Club

27 West 44 Street, New York City

Earn CLE Credits

Chaired by John L. Miscione, Managing Director, Valuemetrics Capital LLC,

along with 15 financiers from market-leading institutions

Designed to meet the needs of:

private equity investors & lenders; CFOs & CEOs,

investment bankers & M&A advisors; lawyers & accountants; turnaround experts;

valuation experts; and other professional members of the middle-market financial community
Schedule | Faculty | Registration | Location | AudiotapesCLE Credits

As borrowers survey the senior financial markets, they are facing continuing changes. In recent years, consolidation among senior lenders and a weak economy restricted the availability of senior financing. In response, new sources have entered the markets with less brand recognition and shorter track records. Today these new entrants and traditional sources are actively seeking new opportunities to deploy capital. As a result issuers and investors have many different choices to consider. This Master Class will show you how to navigate in this dynamic environment and will help you understand the tidal wave of new options for issuers and dealmakers.

When You Leave This MasterClass, You'll Know:
What market leaders see and how to get ahead of the competition in today's market
What the impact of ABL is on other providers of senior financing-- and how they can stay competitive
Who the newest market participants are from Wall Street firms, large corporations, specialized funds, and new regional banks -- and the opportunities they see, their view on current market conditions, and what gives them a competitive advantage
Why hedge funds have entered the market despite lack of liquidity -- and what makes the hedge fund lenders tick, where they see their current opportunities, and how they work with other lenders
How three experienced GPs regard the senior market, how they evaluate deals to do, the lessons they've learned during the market contraction, and what they'd do differently if they had the chance
Where asset-based lenders see the market heading and whether buyout firms are turning away or remaining loyal -- and why
What types of transactions are being completed
What industries are most attractive
What has been the impact on the senior financing markets -- given improving business conditions and companies' better financial performances
How the market will impact buyout funds' investment strategies -- and return expectations in 2004
What structural shifts are expected and where covenants are headed
Whether institutions are competing aggressively for new opportunities -- and the transactions that are getting done
And much much more
This special day-long MasterClass consists of five intensive hour-long panels featuring presentations by teams of experienced specialists, as well as two professional overviews of the market.
This program is being held in the newly-built conference center at New York City's Harvard Club, conveniently located in the heart of the Midtown area.   It is produced by New York Capital Roundtable, the nation's leading seminar specialists for the middle-market financial community.
Chaired by -
John L. Miscione, Managing Director, Valuemetrics Capital LLC
Hosted by -
Burt Alimansky, Managing Director, Alimansky Capital Group Inc.,
Chairman, New York Capital Roundtable
Speakers Include:
Luis R. Acosta, Managing Director, General Electric Corporate Financial Services
Richard Buckanavage, Managing Director, Patriot Capital Funding
Sam Cirelli,Senior Vice President, Wells Fargo Foothill Inc.
Meredith Coffey, Director of Analytics, SVP, Loan Pricing Corp.
Stephen J. Czech, Managing Director, Contrarian Capital Finance LP
Angie De Gore, Senior Vice President, Webster Business Credit Corp.
Charles F. Garoklanian, Senior Vice President, PNC Business Credit Corp.
William E. Johnston, Director Middle Market/Leveraged Finance, Merrill Lynch & Co. Inc.
Theodore L. Koenig, President & CEO, Hilco Capital LP
Ellen Marshall, Vice President, Independence Community Bank
I. Joseph Massoud, Managing Partner, Compass Group International LLC
Mark F. Opel, Principal, American Capital Strategies Ltd.
David Petrucco, Senior Vice President, Royal Bank of Scotland
Erik A. Scott, Principal, FdG Associates
Greg Walker, Silverpoint Capital
07:30 - 08:30 Registration, Breakfast & Networking
08:30 - 09:00 Welcoming Remarks & Audience Introductions
09:00 - 09:45

How to Navigate in a Dynamic World --

  Borrowing Strategies to Use for Middle-Market Buyouts

09:45 - 10:15 Coffee & Networking Break
10:15 - 11:00

Current Conditions in the Senior Financial Market --

  Where Structure & Pricing are Trending - Is the Past Prologue?

11:00 - 12:00 What Market Leaders are Saying About the Senior Financial Market Today
12:00 - 01:00 Luncheon, networking
01:00 - 02:00 Asset Based Institutions-- What Are They Thinking Now?
02:00 - 03:00 New Market Participants -- A Fresh Perspective
03:00 - 03:15 Coffee & Networking Break
03:15 - 04:15 The Role of Hedge Funds & Second Lien Institutions
04:15 - 05:15 Voices of Experience -- What the Borrowers Say They've Learned
05:15 Adjournment

Harvard Club of New York
27 West 44th Street (between Fifth and Sixth Avenues)
Midtown Manhattan

Can't attend but want to hear the program? You can buy the audiotapes along with the handouts for $495. To purchase, please use this link.
CLE Credits are pending for this program.

© 2003 New York Business Roundtable Inc. All Rights Reserved

350 Madison Avenue, New York, NY 10017

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