U.S. CLOs & Leveraged Loans Virtual
Virtual Conference
June 16 - 17, 2020

Agenda

    CLOs Virtual

      The CLO Industry Goes Virtual

      • Registration is now open. Please go to https://imnclosreg.hubb.me/. IMN's CLO and Leveraged Loans Industry is going virtual for 2020, June 16-17, as we continue to provide a platform for our CLO Industry during this time.  We have worked with our esteemed Advisory Board to condense valuable and efficient coverage into a reduced number of live afternoon sessions and on-demand demos. As such, speaking roles for 2020 will be limited.  Registrants can view exhibits, connect with sponsoring firms, watch live or on-demand content as well as connect and meet with fellow attendees. Hubb will automatically update your calendar with your selected panel sessions and 1:1 meetings providing an experience tailored to you.  Please reach out to Lauren Kerr at lauren.kerr@imn.org or Chris Keeping at ckeeping@imn.org for speaking and branding opportunities.   As a service to our global CLO community, registration to attend CLOs Virtual 2020 is complimentary for all attendees. 

       

      • Sponsored By:              Association Supporters:               

    Tuesday, June 16th, 2020

      8:00 AM (Eastern Time)
      Hubb Virtual Conference Platform Live

      • Please use this time to browse our virtual exhibit area, connect with sponsoring firms, watch our on-demand content as well as connect and meet with fellow attendees.  

      Welcome Note and Opening Remarks

      • Available on-demand. 

        • Lauren Kerr, Director of Programming (IMN)

      Live Panels



      9:00 AM (Eastern Time)
      Get to Know your CLO Manager!

      • 9:20-9:30am Q&A *Investor attendance only. Limited number of seats.

      1:00 PM (Eastern Time)
      Keynote Address

      • 1:30-2:00PM Q&A

      2:00 PM (Eastern Time)
      Break



      2:30 PM (Eastern Time)
      Turning the Wheel: Assessing the State of the Leveraged Loan Market and Propelling Forward

        • 2020 performance: The unpredicted macro year for politics and pandemics
        • Impact of government buying ABS programs and TALF: Where does the FED’s initial proposal fall short?  
        • How to gain access to investment grade and high yield bond market 
        • Fundamentals to improve leveraged financing and improve liquidity: Turning the wheel at the top of the stack to lower the cost of financing for issuers in the leveraged loan market  
        • Rating headroom: What can be expected for sectors with higher credit exposure? What are the rating agencies primary analytical focus? What is the post-pandemic trajectory for obtaining upgrades?  
        • Credit stress and default outlook: Strategies for recovery and crystal balling ahead  
        3:15-3:30PM Q&A

        • Paul St. Lawrence, Partner (Morgan, Lewis & Bockius LLP)
        • Thomas Majewski, Managing Partner & Founder (Eagle Point Credit Management)
        • Robert Schulz, Managing Director & Sector Lead, Leveraged Finance (S&P Global Ratings)

      3:30 PM (Eastern Time)
      Break



      Breakout Sessions



      4:00 PM (Eastern Time)
      CLO and Loan Documentation: Yesterday’s Black Could be Today’s White

        • Evaluation of documentation features that have the potential to provide a creative solution 
        • Ability to add language to existing documentation 
        • Long term strategy: Can withholding equity distributions provide a lifeboat for managers?  
        • Spreads and covenant returns: Will cov-lite become more favorable for investors? 
        4:45-5:00PM Q&A

        • Allison Salas, Director, CLOs (DWS Investment Management)
        • Lana Deharveng, Vice President (Moody’s Investors Service)
        • Peter Hirsh, Director (BlackRock)
        • Abhijit Kurup, Senior Associate (Seward & Kissel LLP)
        • Ryan Suda, Partner (Mayer Brown LLP)

      4:00 PM (Eastern Time)
      Middle Market: Leading the Troops in Battle

        • Are middle market managers better positioned with the credit component in today’s current market? Does this feature drive supply and demand more so than structure technicalities?  
        • Are covenants more prevalent in the middle market section (compared to BSLs)? 
        • Evaluation of spreads in the secondary market, does this help liabilities price tighter? 
        • Are middle market/direct lenders poised to see the best vintages in a decade? Ability to use more of the capital structure  
        4:45-5:00PM Q&A

        • Christopher Duerden, Partner (Dechert LLP)
        • Randy Schwimmer, Senior Managing Director (Churchill Asset Management)

      5:00 PM (Eastern Time)
      New York Cocktail Making Class: “A Taste of New York”



      Tech Vendor 1: Pitch your Product

      • On-demand content available at any time. You will be able to visit our sponsors in the exhibit hall for live chat and questions.  15-minute technology presentations to demo your product and the basics of why it should be implemented in the CLO market now more than ever  

        • Cameron Bunnell, Global Director of Analytics (Broadridge Financial Solutions, Inc)

      Tech Vendor 2: Pitch your Product

      • On-demand content available at any time. You will be able to visit our sponsors in the exhibit hall for live chat and questions.  15-minute technology presentations to demo your product and the basics of why it should be implemented in the CLO market now more than ever  

        • Dr. Lewis Z. Liu, Co-Founder & Chief Executive Officer (Eigen Technologies)
    Wednesday, June 17th, 2020

      Live Panels



      8:00 AM (Eastern Time)
      Grab your morning coffee with 100 Women in Finance

      • 8:30-9:00AM Q&A

        • Amanda Pullinger, Chief Executive Officer (100 Women in Finance)

      9:00 AM (Eastern Time)
      Get to Know your CLO Manager!

      • 9:20-9:30am Q&A *Investor attendance only. Limited number of seats.

        • Wynne Comer, Chief Operating Officer (AGL Credit Management LP)

      9:30 AM (Eastern Time)
      Break until 1pm

      • Please use this time to browse our virtual exhibit area, connect with sponsoring firms, watch our on-demand content as well as connect and meet with fellow attendees.  

      1:00 PM (Eastern Time)
      The New Normal: Evolution of the 2.0 CLO Manager

        • How has the CLO manager adapted their strategy to navigate Covid-19: Structural features of CLOs and capital plans to withstand the test of time  
        • Best practices: How to handle the impact and pace of downgrades 
        • Manager tiering: Breaching of triple-C buckets, OC test failure, management fees, working towards or away from consolidation  
        • Trading and liquidity forecasts: Will weak credit agreements provide flexibility to raise traditional money?  
        • Relative value of stressed and distressed funds: Waiting for the prime moment to deploy  
        • Primary market new issues: Overview of static CLOs and shorter reinvestment periods. Is this sufficient to keep the market alive?
        1:45-2:00PM Q&A

        • Sean Griffin, Managing Director (J.P. Morgan Securities LLC)
        • Derek Miller, Managing Director (Fitch Ratings)
        • Chris Saltaformaggio, Director (New York Life Investors)

      2:30 PM (Eastern Time)
      LIBOR Transition in a Covid-19 World: Preparation Amidst the Chaos

      • 3:15-3:30PM Q&A

        • Meredith Coffey, Executive Vice President of Research & Analysis (LSTA)
        • Tal Reback, Principal, KKR Credit (KKR)
        • Edwin Wilches, CFA, Portfolio Manager (PGIM Fixed Income)

      3:30 PM (Eastern Time)
      Break



      Investor Roundtable Breakouts: Getting your Cash Back to Work!

      • Trading impact and experiences, default projections, tranche downgrades, liquidity challenges, cut off cashflows and opportunities for refinancing.  

      4:00 PM (Eastern Time)
      Equity Investor Roundtable

      • 4:45-5:00PM Q&A

        • Asif Khan, Managing Director, Global Head of CLOs (MUFG)
        • Olga Chernova, Chief Investment Officer (Sancus Capital Management)
        • Matthew Layton, Partner (Pearl Diver Capital)

      4:00 PM (Eastern Time)
      Mezzanine Investor Roundtable

      • 4:45-5:00PM Q&A

        • Angela Best, Director, Portfolio Manager, CLOs (MetLife)
        • Laila Kollmorgen, Managing Director (PineBridge Investments)
        • Michelle Liu, Portfolio Manager and Senior Analyst (KKR)

      5:00 PM (Eastern Time)
      CLOs and Leveraged Loans Virtual Concludes

      • Content will be available up to 14 days after this event. 

Contact Us


1120 Avenue of the Americas, 6th Floor, New York, NY 10036
Tel: +1(212)901-0506 Fax: +1(212)768-2484
Email: mail@imn.org


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