We will discuss:
- How liquidity and flexibility moderated the private equity downgrade and default experience during the pandemic-led downturn
- Current credit conditions and tolerance for high leverage
- Precedent setting deterioration in high yield bond and leveraged loan covenants
- Medline case study
- Changes to capital structures in the hands of the LBO sponsor
-
SpeakersChristina Padgett Head of US Leveraged Finance Moody's Ratings
Evan Friedman Senior Vice President – Head of Covenant Research, Corporate Finance Group Moody's Ratings
Derek Gluckman Vice President – Senior Covenant Officer Moody’s Ratings
Scott Tuhy Senior Vice President Moody's Investors Service
Confirm cancellation
Something went wrong.
An error occurred trying to play the stream. Please reload the page and try again.
CloseMoody's Events
close
Christina Padgett leads the Leveraged Finance Research and Analytics Team and Private Credit Research. Her remit includes facilitating in-depth, cross-disciplinary research on credit trends in the US leveraged finance, US private equity and global private markets. Ms. Padgett brings multi-cycle expertise in the credit markets to her role, which is informed by frequent meetings with issuers, investors, regulators, alternative asset managers, and bankers. She presents often at industry conferences and is regularly quoted in the financial media.
Before joining Moody’s, Ms. Padgett was an M&A investment banker at JPMorgan Chase. At the bank, she also worked in Europe Corporate Finance and Credit Audit following the completion of the bank’s credit training program.
Ms. Padgett received a M.A. in International Political Economy from Columbia University, School of International and Public Affairs, and a B.A. in History from William Smith College.
Evan M. Friedman is a Senior Vice President – Head of Covenant Research in Moody’s Ratings Corporate Finance Group. Evan specializes in covenant analysis and research, with particular focus on leveraged loans and high yield bonds.
Prior to joining Moody’s in September 2013, Evan was of counsel in the banking and finance practice group at Otterbourg P.C. and was previously an associate in the banking and finance practice group at Bryan Cave LLP and Emmet, Marvin & Martin, LLP. His practice focused primarily on representing agents and lenders in asset-based lending and other commercial transactions.
Evan holds a BA summa cum laude from S.U.N.Y. Stony Brook and a JD from New York University School of Law.
Derek Gluckman is a Vice President – Senior Covenant Officer in Moody’s Corporate Finance Group. Derek specializes in covenant analysis and research, with particular focus on leveraged loans.
Prior to joining Moody’s, Derek was a managing associate in the banking and finance practice group at Orrick, Herrington & Sutcliffe, LLP and was previously an associate in the leveraged finance and transportation finance practice groups at Milbank, Tweed, Hadley & McCloy LLP. His practice focused primarily on representing agents and lenders in commercial banking transactions.
Derek holds a J.D. from New York University School of Law and a B.S. from Washington University in St. Louis.
Scott Tuhy is a Senior Vice President in the Corporate Finance Group at Moody’s Investors Service. Scott covers the Medical Device industry across both the investment grade and high-yield spectrum.
Scott joined Moody’s in 2006 as part of the retail and apparel team covering a wide range of apparel wholesalers, department stores and other specialty retailers. Scott joined the healthcare team in early 2017 to support the rapid growth in the rated healthcare universe.
Prior to joining Moody’s, Scott held a number of senior credit roles in New York and Melbourne, Australia with National Australia Bank Ltd. Scott holds a B.S. in Economics from The Wharton School of Business, University of Pennsylvania.