According to a survey from FTI Consulting, 41% of bank and non-bank lenders expect strong economic growth this year, yet 70% said that the effects of Federal Reserve policy actions and benign credit market conditions will dampen default and restructuring activity for up to one year.
Sundance Energy filed for voluntary Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Texas. Sundance Energy also secured commitments from certain of its term loan lenders for at least $45 million in DIP financing.
FTI Consulting appointed Jason Shafrin, Ph.D. senior managing director in the Center for Healthcare Economics and Policy within the firm’s economic consulting segment.
Hertz filed its proposed plan of reorganization and related disclosure statement with the U.S. Bankruptcy Court for the District of Delaware. Knighthead Capital Management and Certares Opportunities will serve as the plan sponsors.
FTI Consulting appointed Miriam Wrobel a senior managing director in the power and renewables practice within its corporate finance and restructuring segment.
MobiTV voluntarily filed for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. MobiTV intends to use these proceedings to implement a restructuring process. FTI Consulting is serving as the company’s financial advisor.
FTI Consulting and Real Estate Fund Intelligence released a study analyzing COVID-19’s impact on investment trends and its associated expected recovery, revealing that 87% of institutional investors expect more or similar investment levels in commercial real estate in 2021 compared with 2020.
FTI Consulting hired Dave Katz as a senior managing director in the firm’s corporate finance and restructuring segment of the senior lender advisory practice. Katz most recently served as a managing director at JPMorgan Chase and brings more than 20 years of experience to his new role.
Findings from a survey conducted by CFO Research of Argyle Advisory & Research Services and FTI Consulting showed CFOs are taking on greater strategic and enterprise-building roles as they guide their organizations through the challenges of the ongoing COVID-19 pandemic.