In this live panel discussion we took stock of the response to date in Europe’s major economies and consider the areas where financial stress is of greatest concern, including:
- Bolstering liquidity; the scale and means by which companies are accessing cash
- Distressed watch lists; outlook for the industries that present restructuring opportunities; the options being pursued
- What effect will economic stimulus in Italy, Spain, UK and Germany have?
- How will restructuring have to be facilitated in an era of remote-working and social distancing?
- Since the lockdown took hold across Europe, companies have been bolstering liquidity to sustain the unprecedented economic impact being caused by the COVID-19 outbreak.
- Government stimulus packages have been hastily launched to shield whole sectors of the economy from collapse, such as the UK’s £350bn loan guarantee scheme. Meanwhile, credit worthiness continues to decline, with
higher leverage becoming a concern for the most indebted. The question facing companies is whether balance sheets can withstand the rate of cash burn and revenue decreases before intervention from the public sector takes effect
- Chiara Elisei, Debtwire Journalist, as moderator;
- James Slessenger, European Managing Director, Xtract Research
- Merlin Piscitelli, Chief Revenue Officer, Datasite,
- William Jenkins, Managing Director, Alvarez&Marsal,
- Andrew Wilkinson, Senior European Partner, Weil