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Allen and Overy hosts 4th Annual Leveraged Finance Training Camp virtually from New York

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Todd Koretzky


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05 November 2020

On October 21, 2020, A&O hosted its fourth annual Leveraged Finance Training Camp (“LFTC”), offering an in-depth look at the fundamentals of leveraged finance, recent developments in the market and the legal underpinnings of transactions through a series of dynamic presentations by A&O partners and senior attorneys. 

Program highlights included sessions covering the Anatomy of a Leveraged Capital Structure, Case Studies in Covenant Utilization, Credit in the Time of Covid and the transition From LIBOR to SOFR, among others.

A particularly engaging session was the “fireside chat” with keynote speaker Spencer Stenmark, Head of Debt Capital Markets at TPG, who shared his perspective on a wide range of topics. “Gaining a proficient understanding of how to read and navigate credit agreements is an absolute prerequisite for any career touching leveraged finance or credit more broadly,” Spencer commented. “Not only will it allow an individual to understand risk but also unlock the creative elements of these jobs, i.e. solving problems.”

The event broadcasted live from New York to an international audience spanning banking, private credit, private equity and corporates, among other market participants. Registration for this year’s virtual program nearly quadrupled from last year with more than 550 professionals from 60 firms signing up, including contingents from the largest and most respected players in the U.S. leveraged finance market.

“Demand for LFTC this year was remarkable, and a testament to the quality and usefulness of a program that we created from scratch and have been refining for four years,” said Todd Koretzky, a partner in A&O’s New York Leveraged Finance group and lead partner of LFTC. “It was designed from the bottom up and tailored for our clients and their most promising professionals. We focus on what matters most for the participants – from fundamental concepts to legal documentation to contemporary trends and terms. It reflects our commitment to our clients and our desire to offer something unique in the Leveraged Finance marketplace.”

Participant feedback from the event was overwhelmingly positive, with one attendee praising LFTC as “the most insightful and thorough discussion on some of the more difficult aspects of being a Leveraged Finance banker – that is knowing the true meaning behind the docs and their nuances.”

Rajani Gupta, a partner in A&O’s New York Leveraged Finance group, commented, “Our team has advised on an increasing number of deals by both volume and size over the past several years, and this success is a testament to the investments we have made in our Leveraged Finance platform. Relationships are crucial to this business, and LFTC has allowed us to strengthen existing relationships while building new ones with banking, credit and private equity professionals across the industry.”

Demand for LFTC this year was remarkable, and a testament to the quality and usefulness of a program that we created from scratch and have been refining for four years.

Todd Koretzky, Partner, New York