The recent Debtwire European Mid-Market Forum
opened with a presentation from Paul Johnson of the Institute of
Fiscal Studies. He warned the delegates of storm clouds gathering
over the economy, suggesting that we may begin to see an increasing
number of distressed credits – perhaps not as significant as
in the aftermath of the financial crisis, but that the general mood
suggests an imminent turning of the credit cycle.
This was the backdrop to the "When direct lending turns
distressed" panel, moderated by Mariana Valle of Debtwire, in
which Hogan Lovells restructuring partner, Tom Astle took part. The
other panellists were Steve Morris from Beechbrook Capital, Tristan
Nagler from Aurelius Investments and Ciara O'Neill from DC
Advisory.
