The Turnaround Podcast with Stephen Phillips, Episode 04

In this episode of The Turnaround Podcast, Stephen Phillips speaks with Sabrina Fox, CEO of the European Leverage Finance Association and the founder of Fox Legal Training. Sabrina brings nearly two decades of experience in analyzing high yield covenants, initially as legal counsel and later as a covenant analyst and trainer.

Tune in to the episode to hear about:

 * Sabrina's journey through the legal and financial sectors, leading to her roles in covenant analysis and the European  Leveraged Finance Association.

 * Insights into the evolution of covenant structures in high yield bonds and how they affect investor security

 * Detailed discussion on the mechanics and implications of moving assets from restricted to unrestricted subsidiaries

 * The concept of "value in a box" and how covenants aim to protect investor value within a corporate structure

 * Current trends in the high yield market, including notable cases like J. Crew and Altice, highlighting the strategic use of covenants in financial restructuring

Learn more about Sabrina Fox:

 * Connect with Sabrina on LinkedIn: https://www.linkedin.com/in/sabrina-fox-45b29b7b/ 

 * Visit European Leveraged Finance Association‘s website: https://elfainvestors.com/

 * Visit Fox Legal Training’s website: https://www.foxlegaltraining.com/

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About The Turnaround Podcast:

In each episode of The Turnaround Podcast, Stephen Phillips speaks to experienced practitioners who discuss their careers, key moments, challenges, and lessons learned in financial turnarounds and business restructuring. Tune in as they unravel the secrets to turning struggling businesses into successful ones.

Watch more episodes of The Turnaround Podcast::

 * FreiLibertas Law’s YouTube Channel: https://www.youtube.com/channel/UCWzwWr13TM2692SYEJc-U3g/

Connect and learn more from your host, Stephen Phillips:

 * LinkedIn: https://www.linkedin.com/in/stephen-phillips-85034324/
 * Website: https://www.freilibertas.com/founders-experience

The Turnaround Podcast with Stephen Phillips, Episode 03

In this episode of The Turnaround Podcast, host Stephen Phillips speaks with Wolfgang Felix, Co-founder and CEO of Sarria, a team of senior distressed credit analysts helping leading special opportunities hedge funds on either side of the pond to deploy their resources with the greatest efficiency. 

Tune in to the episode to hear about:

 * Wolfgang's journey through the world of distressed debt and the founding of his boutique firm, Saria

 * An in-depth discussion on the methodologies used at Sarria for analyzing distressed securities

 * Insights into the current trends and opportunities in the distressed debt market post-COVID

* Insights into hoe traders can use credit default swaps to profit from weaker credits

 * Strategies for managing long and short positions in a volatile financial environment

 * Wolfgang's perspective on the future of credit analysis 

Learn more about Wolfgang Felix:

 * Connect with Wolfgang on LinkedIn Profile: https://www.linkedin.com/in/wolfgang-felix/ 

 * Follow Sarria on LinkedIn: https://www.linkedin.com/company/sarria/

 * Visit Sarria’s Website: http://www.sarria.co.uk 

 * Follow Sarria on Twitter: https://twitter.com/wolfelix

 * Follow Wolfgang on Instagram: https://www.instagram.com/wolfelix/

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About The Turnaround Podcast:

In each episode of The Turnaround Podcast, Stephen Phillips speaks to experienced practitioners who discuss their careers, key moments, challenges, and lessons learned in financial turnarounds and business restructuring. Tune in as they unravel the secrets to turning struggling businesses into successful ones.

Watch more episodes of The Turnaround Podcast:

 * FreiLibertas Law’s YouTube Channel: https://www.youtube.com/channel/UCWzwWr13TM2692SYEJc-U3g/

 * Freilibertas website: https://www.freilibertas.com/the-turnaround-podcast

Connect and learn more from your host, Stephen Phillips:

 * LinkedIn: https://www.linkedin.com/in/stephen-phillips-85034324/

 * Website: https://www.freilibertas.com/founders-experience

The Turnaround Podcast with Stephen Phillips, Episode 2

In this episode of The Turnaround Podcast, Stephen Phillips interviews Bill Blain, Author of the Morning Porridge, Founder of Windshift Capital, and seasoned Market Strategist. With over three decades of experience in financial markets, Blain offers invaluable insights into current market trends and investment opportunities. Tune in as he shares his expertise on navigating volatile market conditions and developing effective investment strategies.

Tune in to the episode to hear about:

 * Bill Blain's career trajectory: He started with an interest in journalism but ended up in finance due to circumstances. Despite a successful career in financial markets, his passion for journalism remained.

 * Insights into the financial industry: Blain shares experiences from working at institutions like Morgan Stanley, Euromoney, Bear Stearns, and HSBC. 

 * BIll’s daily financial commentary outlet, Blain's Morning Porridge: why he started it and how it got to over 10,000 subscribers

 * Analysis of current financial markets: Blain discusses the distortion of stock prices due to quantitative easing and low-interest rates. He shares insights into sectors like artificial intelligence, private equity, and more.

 * Economic and political factors: Blain delves into the impact of politics on markets, highlighting Brexit's consequences, potential restructuring opportunities, and the need for a new accommodation. 

Learn more about Bill Blain:

 * Connect with Bill on Linkedin: https://www.linkedin.com/in/bill-blain-05411932/ 

 * Visit Windshift Capital’s website: https://windshift.capital/

 * Follow Bill on Twitter: https://twitter.com/bill_blain

 * Check out Blain's Morning Porridge, “Financial Market Insights for Thinkers!” https://morningporridge.com/

***********************************

About The Turnaround Podcast:

In each episode of The Turnaround Podcast, Stephen Phillips speaks to experienced practitioners who discuss their careers, key moments, challenges, and lessons learned in financial turnarounds and business restructuring. Tune in as they unravel the secrets to turning struggling businesses into successful ones.

Watch more episodes of The Turnaround Podcast::

 * FreiLibertas Law’s YouTube Channel: https://www.youtube.com/channel/UCWzwWr13TM2692SYEJc-U3g/

Connect and learn more from your host, Stephen Phillips:

 * LinkedIn: https://www.linkedin.com/in/stephen-phillips-85034324/

 * Website: https://www.freilibertas.com/founders-experience

The Turnaround Podcast with Stephen Phillips, Episode 1

In this inaugural episode of The Turnaround Podcast, Stephen Phillips welcomes Andrew Wilkinson, guru of the restructuring world in Europe. Andrew is the senior European Restructuring partner and Co-Head of the London Restructuring practice at Weil, Gotshal & Manges LLP. He has over 30 years of restructuring experience as a lawyer in private practice and banker advising bondholder groups, other lenders and large corporates and governments on debt restructuring.

Tune in to the episode to hear these key takeaways:

 * Andrew’s long and winding career journey into the restructuring world, starting as a barrister out of university

 * How Andrew recruited his team

 * Defining business restructuring in layman’s terms

 * The role Andrew plays in strategic planning for businesses

 * The emotional side of restructuring

 * Andrew’s take on the current landscape of European Restructuring in terms of legal frameworks

Learn more about Andrew Wilkinson:

 * Connect with Andrew on LinkedIn: https://www.linkedin.com/in/andrew-wilkinson-97238074/

 * Visit Weil, Gotshal & Manges LLP’s website: https://www.weil.com/people/andrew-john-owen-wilkinson

***********************************

About The Turnaround Podcast:

In each episode of The Turnaround Podcast, Stephen Phillips speaks to experienced practitioners who discuss their careers, key moments, challenges, and lessons learned in financial turnarounds and business restructuring. Tune in as they unravel the secrets to turning struggling businesses into successful ones.

Watch more episodes of The Turnaround Podcast::

 * FreiLibertas Law’s YouTube Channel: https://www.youtube.com/channel/UCWzwWr13TM2692SYEJc-U3g/

Connect and learn more from your host, Stephen Phillips:

 * LinkedIn: https://www.linkedin.com/in/stephen-phillips-85034324/

 * Website: https://www.freilibertas.com/founders-experience