Add Restructuring Agreement Mark with airSlate SignNow

Add Restructuring Agreement mark

[Music] the restructuring distressed in debt market in Australia continues to evolve we have a competitive debt market that constantly seeks out that next transaction we have an environment of innovation where the restructuring professionals seeking to push the boundaries of what may be possible within the current legislative framework and we have changes to that framework with the introduction of safe harbor as a defense to insolvent trading and if so facto reform that seeks to lock in contracts post insolvency it's too early to know whether these changes will have a real impact but they certainly have been welcomed as a means of alleviating pressure on Australian boards of directors we have a steady flow of US and Asian based capital into Australia and the frequency of restructurings being led by foreign investors is certainly increasing uni tranche term loan be fine governed Bund indentures while not yet commonplace are certainly part of the technology being deployed in Australia we've also seen an increased use of schemes arrangement as an effective restructuring tool so what else can the investor the distressed debt investor in the Australian market expect to see at the moment well certainly there's been a slowing in single credit and portfolio trading having said that we are seeing a number of borrowers continue to really focus in on the assignment and novation provisions within the finance documents as a means of trying to manage the lenders they face off against in a restructuring we are seeing a number of sectors in environment of challenge liquidity we've seen a number of foreign trading banks depart our shores over the last few years and for those with boots on the ground there are real opportunities we are seeing a flow of insolvency appointments in construction property retail for the most part they're really just following the global trends and the issues in those sectors there continues to be a willingness and finances to support restructurings or non insolvency solutions whether it be through relaxing covenants rolling terms or a combination of the same and finally we have seen a real increase in alternate capital providers providing real credible legitimate financing packages to corporate Australia ultimately if this sector continues to grow it will be busy but we are seeing a number of these hedge funds alternate providers operating in Australia with certainly less competition the name may face in other parts of the world [Music] you