TMA New York NextGen Hosts "The Future of the Gaming Industry"

I have been affiliated with the Turnaround Management Association's New York Chapter for many years. The NextGen group, comprised of young professionals in the restructuring, distressed, and turnaround industries, is making a fantastic push into putting on certain educational events with the intent to take a topical issue in our space and organizing a group of experienced panelists to shed light on the issue.

On April 10 at 8am, TMA NY NextGen will be hosting an event titled: "The Future of the Gaming Industry: Jackpot or Bust?" Given Caesars is one of the top discussed names in distressed along with a proliferation of industry trends that may weigh on the cash flow and credit stats of a number of names in the space, this event looks to be a phenomenal one.

Panelists include Tom Benninger, of GLC, Scott Butera, CEO of Foxwoods, Dan D'Arrigo, CFO of MGM, and Todd Miranowski of Silver Point. The panel will be moderated by Jeffrey Horwitz of Proskauer.

For more information, or to register, you can visit the TMA page here: TMA Future of Gaming Industry Panel.

Look forward to seeing you there!



Distressed Conference: Booth's 9th Annual Credit, Restructuring, Distressed Investing & Turnaround Conference

On April 4, Booth will be hosting its 9th annual CReDIT Conference (CReDIT = Credit, Restructuring, Distressed Investing & Turnaround). We've covered the event in the past as this conference has always had a strong focus on distressed debt investing. The distressed investing panel includes a good friend of mine, Matt Dundon of Pine River Capital, Triet Nguyen of Axios, and Dave Trucano at Blackrock.

Other speakers include representatives of Peter J Solomon, Centerview, Lazard, Rothschild, Wynnchurch, Jones Day, Davis Polk, Faegre Baker and Kirkland. The keynotes this year include Jack Butler, who recently moved to Hilco from Skadden, Mark Okada, CIO at Highland, and Stuart Davies, PM and head of Special Situations at Sankaty.

For more information, you can visit the conference page here: http://student.chicagobooth.edu/group/credit/conference/

Hope to see you there!



10th Annual Wharton Restructuring and Distressed Investing Conference

Over the past few years, Distressed Debt Investing has attended and covered the annual Wharton Restructuring and Distressed Investing Conferences. The event is always top notch and probably does the best out of many distressed conferences I've attended in presenting a full view of the distressed investing process from operations, legal, and financial.

Wharton will be hosting their 10th annual Restructuring and Distressed Investing Conference on Friday February 21st. The keynotes speakers are really amazing:

  • Kevyn Orr, Emergency Manager of Detroit
  • Jack Butler, Partner at Skadden
  • Michael Weinstock, CEO of Monarch
  • Michael Psaros, Co-Founder of KPS
The panels at the conference include ones focused on distressed PE, Hedge Funds, a case study of Rescap, among others. Panelists include representatives from Davis Polk, Cravath, Weil Gotshal, Lazard, Bayside, Versa, Schulte Roth Zabel, Kramer Levin, Paulson & Co, Kirkland, Ropes & Gray, Blackstone, and GSO to name a few. 

We will be in attendance and look forward to seeing you there! For more information you can visit the conference website here: http://www.wrdic.org/



Beta: Announcing a Revolutionary New Legal Search Tool for Bankruptcy Professionals

Over the past few months, I've been working on something I'm extremely excited about and I believe it's going to change the way lawyers, restructuring advisers, and investors research and find information in the bankruptcy space.

First, some background: Searching for precedent bankruptcy court pleadings has long been a grueling process, with bankruptcy attorneys stuck choosing between cumbersome, inefficient and expensive tools like Westlaw and LexisNexis; incomplete precedent databases maintained by the attorney's law firm; or a claims agent and anecdotal help from the attorneys' colleagues. This tedious process wastes tremendous amounts of attorney time every year without improving the quality of the work product.

So similar to the origins of Reorg Research, I worked with a select group of incredibly talented lawyers in an alpha version of a new search functionality that could save bankruptcy associates THOUSANDS of hours finding information for the cases they are working on.

I wanted a solution that was easy to use, that returned relevant results fast and could be tailored to fit what one was searching for. No matter if you wanted to find motions for examiners, or responses to cash collateral objections, or final orders for DIP financing, we want you to have those results instantaneously without the cost or headache of myriad of searches to find what you need.

I'm pleased to announce that we've built that search.

We want to make it better though. We want it to be perfect. And because of that we want to continue adding beta users to the amazing group of law firms already on the list. All we ask is you use the product and give us feedback, and you can use it for free for the entire term of the beta. Unlimited searches - no questions asked. And we'll give your firm a trial of Reorg Research at large for your efforts!

If you are interested in testing out the new tool, please reach out to me at kcollier [at] reorg-research.com



A Recap of 2013

2013, simply put, was the craziest year of my life. It was also an AMAZING year for Reorg Research. Here's a quick synopsis:

  • We wrote over 1500 stories on high yield, stressed, distressed, bankrupt and municipal names in the credit space. All of our content has been 100% unique
  • Our news and intelligence is considered by the wide majority of distressed debt, credit funds, asset managers, law firms, and the investment banks as not only THE best-in-class provider but also the quickest to respond to situations in the restructuring space
  • Unlike some of our competitors, we PRIDE ourselves on being right instead of slinging rumors and noise around the marketplace
  • Our staff, comprised of former lev fin bankers, lawyers, and reporters, has grown precipitously through the year and we plan on growing our staff to support the increasing needs of our customers
  • Speaking of customers, from the beginning of 2013 to the end of 2013, the number of users reading our content grew by 100 fold
  • While we have well over 100 paying firms today, we expect to triple that by the end of this year
People often ask me, what separates us from our competition? We are simply better, faster, more accurate, and provide better technology and customer service than our peers. My employees are world class and I'm blessed to have each of them on my team.

Simply put, I believe in a few years there is no doubt we will displace the current competition, now saddled with more leverage than ever, and become THE leading provider of credit intelligence, news, and research in the U.S, up and down the capital structure. While there are always opportunities for global and product expansion, we want to continue to be the best at what we do, with the best talent we can provide, and evolve our content and product portfolio to meet our customers' needs.

There is MUCH in store for 2014. Later this week, I plan on making a huge announcement about our next product that, in my opinion, will be a game changer for the legal community. I've personally been spearheading the product development over the past few months and its simply amazing. Stay tuned.

As always, I'm ever thankful for each of my readers and their continuous support through the years. I'm grateful that I've had the opportunity to meet and talk with so many intelligent, creative and supportive people that work in our world. Here's to hoping 2014 continues to be an amazing year for all of us!



hunter [at] distressed-debt-investing [dot] com

About Me

I have spent the majority of my career as a value investor. For the past 8 years, I have worked on the buy side as a distressed debt and high yield investor.