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Challenges and Rights of the Subordinate Debt

Explore the potential risks of making subordinate loans, bankruptcy considerations, and gain a clear understanding of all available options.Subordination and intercreditor topics are some of the most nuanced aspects of the practice of debt finance law. It is critical for financial professionals to understand the issues involved and the impact that each negotiable position can have on their rights during the life of a deal and in a foreclosure or bankruptcy scenario. A financial professional can increase the efficiency and efficacy of the structuring and negotiation process by gaining a clear understanding of what is at stake and the options that are available to achieve the desired payment and lien priorities, while protecting their rights and remedies. This topic will focus on first principles with a broad application and is designed to enable attorneys, presidents, vice presidents, loan officers, loan department personnel, branch managers, credit and collections managers, real estate professionals, controllers, accountants and auditors gain a solid footing and a useful framework for understanding this complex subject area.


Runtime: 93 minutes
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Why Lorman?

Over 30 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Understanding Subordinated Debt and the Risks

  • Definition of Subordinated Debt
  • Due Diligence on the Borrower
  • Senior Lender's Interests
  • Subordinated Lender's Interests

Different Structures and Approaches to Subordinated Debt

  • Structural Subordination
  • Mezzanine Debt
  • Seller Subordinated Debt
  • Second Lien Debt

Intercreditor/Subordination Agreements

  • What Is an Intercreditor/Subordination Agreement and When Is It Necessary?
  • What Does It Address?
  • Who Is Involved and What Are Their Goals?
  • What Are the Core Issues You Need to Review?
  • What Are the Commonly Negotiated Outcomes?
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Why Lorman?

Over 30 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Webinar

This course was last revised on April 24, 2017.

Call 1-866-352-9540 for further credit information.

  • AL CPE
     
  • This course is acceptable for 1.5 live credit hour(s) through the Alabama State Board of Public Accountancy.
     
  • GA CPE
     
  • This program is applicable for CPE credit. *The Georgia State Board of Accountancy has final authority on the acceptance of individual courses and providers.
     
  • IA CPE
     
  • This program is applicable for CPE credit. *The Iowa State Board of Accountancy has final authority on the acceptance of individual courses and providers.
     
  • IN CPE
     
  • This program is applicable for self study CPE credit. *The Indiana State Board of Accountancy has final authority on the acceptance of individual courses and providers.
     
  • KY CPE
     
  • This Ondemand program is applicable for CPE credit. *The Kentucky State Board of Accountancy has final authority on the acceptance of individual courses and providers.
     
  • MA CPE
     
  • This Ondemand program is applicable for CPE credit. *The Massachusetts State Board of Accountancy has final authority on the acceptance of individual courses and providers.
     
  • MD CPE
     
  • This course is not pre-approved for CPE credit in your state however, it is applicable. *Please check the rules and requirements in your state for compliance.
     
  • ME CPE
     
  • This Ondemand program is applicable for CPE credit. *The Maine State Board of Accountancy has final authority on the acceptance of individual courses and providers.
     
  • MI CPE
     
  • This Ondemand program is applicable for CPE credit. *The Michigan State Board of Accountancy has final authority on the acceptance of individual courses and providers.
     
  • MO CPE
     
  • This Ondemand program is applicable for CPE credit. *The Missouri State Board of Accountancy has final authority on the acceptance of individual courses and providers.
     
  • MT CPE
     
  • This Ondemand program is applicable for CPE credit.* *The Montana State Board of Accountancy has final authority on the acceptance of individual courses and providers. Please check the rules and requirements for CPE compliance and calculate the amount of credit hours you can claim for self study courses.
     
  • ND CPE
     
  • This Ondemand program is applicable for CPE credit. *The North Dakota State Board of Accountancy has final authority on the acceptance of individual courses and providers.
     
  • NH CPE
     
  • This Ondemand program is applicable for CPE credit. *The New Hampshire State Board of Accountancy has final authority on the acceptance of individual courses and providers.
     
  • NV CPE
     
  • This Ondemand program is applicable for CPE credit.*The Nevada State Board of Accountancy has final authority on the acceptance of individual courses and providers.
     
  • OH CPE
     
  • This Ondemand program is applicable for CPE credit. *The Ohio State Board of Accountancy has final authority on the acceptance of individual courses and providers.
     
  • PA CPE
     
  • This Ondemand program is applicable for CPE credit. *The Pennsylvania State Board of Accountancy has final authority on the acceptance of individual courses and providers.
     
  • TX CPE 1.5
     
  • Lorman Business Center, Inc. has registered with the Texas State Board of Public Accountancy as a CPE Sponsor. This registration does not constitute an endorsement by the Board as to the quality of our CPE Program. This program qualifies for 1.5 hours of continuing professional education.
     
  • VA CPE
     
  • This Ondemand program is applicable for CPE credit. *The Virginia State Board of Accountancy has final authority on the acceptance of individual courses and providers.
     
  • WA CPE
     
  • This Ondemand program is applicable for CPE credit.* *Please check the rules and requirements in your state for compliance.
     
  • WY CPE
     
  • This Ondemand program is applicable for CPE credit. *The Wyoming State Board of Accountancy has final authority on the acceptance of individual courses and providers.
     

Audio & Reference Manual

  • Arizona CLE 1.5
     
  • CA MCLE 1.5
     
  • CT CLE 1.5
     
  • GA CLE 1.5
     
  • HI CLE 1.5
     
  • IL CLE 1.5
     
  • ME CLE 1.5
     
  • MO CLE 1.8
     
  • MT CLE 1.5
     
  • NJ CLE 1.8
     
  • NV CLE 1.5
     
  • NY CLE 1.5 including Areas of Professional Practice 1.5
     
  • VT CLE 1.5
     
  • WA CLE 1.5
     
  • WV MCLE 1.8
     
The CLE Code is ONLY a requirement when applying for CLE Credit in California (for participatory credit), Kansas, New Jersey or New York. Other states do not need to supply the CLE Code to apply for CLE credit.

MP3 Download

  • Arizona CLE 1.5
     
  • CA MCLE 1.5
     
  • CT CLE 1.5
     
  • HI CLE 1.5
     
  • IL CLE 1.5
     
  • ME CLE 1.5
     
  • MO CLE 1.8
     
  • MT CLE 1.5
     
  • NJ CLE 1.8
     
  • NV CLE 1.5
     
  • NY CLE 1.5 including Areas of Professional Practice 1.5
     
  • VT CLE 1.5
     
  • WA CLE 1.5
     
  • WV MCLE 1.8
     
The CLE Code is ONLY a requirement when applying for CLE Credit in California (for participatory credit), Kansas, New Jersey or New York. Other states do not need to supply the CLE Code to apply for CLE credit.
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More Program Information

Why Lorman?

Over 30 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

My Ngo

My Ngo

McGuireWoods LLP

  • Partner with the law firm of McGuireWoods LLP in Charlotte, North Carolina
  • Practice focuses on corporate and commercial lending transactions
  • Represents agents, lenders, borrowers and participants in syndicated, club and single lender credit facilities
  • Experience includes cash flow and asset based facilities, venture financings, leveraged acquisition financings, working capital lines, debt refinancings and dividend recapitalizations in a variety of industries including health care and restaurant franchise
  • Has experience with nonperforming commercial loans involving workouts and restructurings
  • Admitted to the State Bar of North Carolina
  • J.D. degree, Wake Forest University; B.S. degree in computer science and an M.B.A. degree, East Carolina University
  • Can be contacted at 704-343-2335 or [email protected]
Stephanie A. Zabela

Stephanie A. Zabela

McGuireWoods LLP

  • Partner with the law firm of McGuireWoods LLP in Chicago, Illinois
  • Concentrates practice on commercial finance transactions, real estate matters, and general corporate law
  • Regularly represents lenders and borrowers in asset-based lending, cash-flow lending, acquisition financing, health care lending, real estate lending, multicurrency financing, and cross-border transactions
  • Experienced with specialty collateral, such as intellectual property, goods covered by certificates of title, and leasehold and fee interests in real estate
  • Also represents companies in corporate transactions, such as mergers and acquisitions, and advises financial institutions on issues of regulatory compliance
  • Admitted to the State Bar of Illinois
  • Named to "Illinois Rising Stars," Banking, Real Estate: Business, Business/Corporate, Super Lawyers, Thomson Reuters, 2014-2017
  • J.D. degree, New York University School of Law; B.A. degree, summa cum laude, in English, University of Notre Dame
  • Can be contacted at 312-849-8206 or [email protected]
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Why Lorman?

Over 30 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 400067
Published 2017
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