On September 29, Akin Gump hosted, in its Houston office, a program analyzing and discussing ongoing risks, challenges and opportunities in energy transactions, the third of its kind in the last year.
Moderated by global energy and transactions partner John Goodgame, the Akin Gump panelists were oil and gas partners Andrew Lehman and Phyllis Young and financial restructuring partners Charles Gibbs and Sarah Schultz, who joined high-level panelists from IOG Capital, Apollo Global Management, Simmons & Co. and Opportune.
The program was divided into two panels, the first covering M&A and private investment, the second bankruptcy and restructuring. Among the topics discussed in the former were the potential of emergent IPOs and thawing capital markets, the evolution of deal terms for financial sponsors and the foreseeable fate for companies that have gone into bankruptcy and re-emerged. The latter covered topics such as the view by traditional banks of energy credit facilities, possible opportunities for alternative debt providers and the status of companies that did not go into bankruptcy and, thereby, clean their balance sheet.
The program was presented both via webinar and live in the firm’s office.
The full presentation can be viewed here.