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Partnering with a Restructuring Specialist in the Age of COVID-19

Date: Sep 05, 2020 @ 09:00 PM
Filed Under: Industry Trends

ABL Advisor Video Series: Lenders of all specialties are faced with significant challenges working with borrowers negatively impacted by the Coronavirus. As a result, many lenders find themselves working through countless requests to restructure credit facilities. In this exclusive video interview, Jim Loughlin, National Practice Leader/Managing Director, Business Restructuring & Turnaround Services for BDO discusses the most important factors that should impact the selection of a turnaround professional. Loughlin also discussed how business owners, management and lenders must work together in challenging situations and why each participant in a turnaround must take responsibility for their individual contributions to positively impact a turnaround engagement.

Sponsored By:
James J. Loughlin
National Practice Leader/Managing Director, Business Restructuring & Turnaround Services | BDO
Jim Loughlin is a nationally recognized restructuring professional and has more than 30 years of financial and operational restructuring experience advising distressed companies, senior lenders and other creditors. Loughlin has served as Chief Executive Officer and/or Chief Restructuring Officer for a number of corporations including: ProCure Proton Therapy Center, Werner Ladder, Greatwide Logistics, Thompson Publishing and Ecko Unlimited. He is a Certified Turnaround Professional (CTP) and former director of both the Turnaround Management Association and the Association of Certified Turnaround Professionals. Loughlin has served on numerous corporate boards and nonprofits such as Strake Jesuit College Prep and The Huntington Hospital (part of Northwell Health, fka North Shore LIJ). Loughlin has led nearly 200 engagements and has successfully restructured more than $75 billion of debt, including several large and complex cases in a variety of industry sectors, including healthcare, retail, consumer products, manufacturing, energy, media and telecommunications. He has served as an expert witness, providing court testimony on valuation, plan feasibility, executive compensation and other financial matters. His professional affiliations include: Association of Certified Turnaround Professionals and Turnaround Management Association.
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