Richard Marney and Timothy Stubbs are proud to present to you Corporate Debt Restructuring in Emerging Markets; an innovative book intended to equip financial and legal experts as they embark on a professional journey of restructuring corporate debt in the world of banking and corporate lending. The book examines the five main phases and principles of restructuring and shows how the elements are applied in practice with banks and corporate borrowers. The book also offers specific insight into the impact of the COVID-19 pandemic on corporate debt restructuring as the economy emerges from the pandemic and businesses seek to pick up the pieces.
The release of this book is timely, as emerging markets strive to regain a sustainable growth path and businesses reorient themselves in the post-COVID era. The aim of the book is to give finance and legal professionals new to the field of corporate debt restructuring an understanding of the transaction process, the elements of a transaction, and lessons in stakeholder relationship management. . The book draws on stories and case studies to bring the reader into the negotiating room to share key lessons learned from decades of restructuring experience.
Ilir Fani, Director of Corporate Turnaround, EBRD, explains in the foreword that: âIn the area of âânon-performing loan restructuring, if you had to ask a question of everyone involved – bankers, lawyers, business owners? ‘business / entrepreneurs, consultants – to name a few – about how they successfully restructured, they will have a story to tell; a story that is most of the time long, windy and âhow the other side never understoodâ but which perhaps also has a happy ending (although not guaranteedâ¦). “ A prime example of such a “happy ending” is the story of Trustco Group Holdings, a case study featured in the book. Trustco embarked on a debt restructuring process in 2018 which was ultimately successful. Trustco had financial commitments established as early as 2008, which were not only restrictive but also in some cases obsolete. The restructuring replaced aging covenants with updated and modernized covenants that were aligned with the group’s current capital structure and with updated IFRS standards.
Numerous special mentions from the international community have led industry leaders to eagerly await the book launch on the 20e September 2021. âWhat Richard and Tim have woven together is an informative and compelling read – using case studies to uniquely demonstrate the complex and empowering melting pot of personalities, situations and actors, then pairing that with structured navigation phases and principles of restructuring. – Stefan U Smyth, Partner / Director, EYP Turnaround & Restructuring Strategy, Ernst & Young Advisory Services (Pty) Ltd.
To order a copy of Corporate debt restructuring in emerging markets, in hardcover or eBook visit https://tinyurl.com/4ndy5cuh Marney and Stubbs recently had a virtual meeting with Trustco’s PR and Corporate Communications Manager Neville Basson to discuss this important moment. Find the full interview here: https://tinyurl.com/yyrspa83
For more information, contact:
Responsible: Public relations and corporate communication
Trustco Group Holdings Limited
+264 61 275 4831
About Trustco Group Holdings Limited
Trustco Group Holdings Limited is based in Windhoek, Namibia.