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Pandemic Restructuring Will Stretch Over Coming Years: TMA Panel

Feb. 23, 2021, 8:19 PM

Watch for more distress in hotels, tour buses and other forms of travel, nursing homes and aerospace, panelists at the “Tell All Secrets: Behind the Scenes at a Workout Group Near You” discussion at the Turnaround Management Association’s virtual distressed investing conference said Tuesday.

  • “In some respects, it’s like 2009” for some industries like retail and hotels, which may see “scarring” and suffer lasting impacts, said Brian Bailey of the Atlanta Federal Reserve
  • “We thought we’d be a lot busier than we are,” said Thomas Donnelly, head of loan workouts at Webster Bank Because “we’re awash in liquidity,” the restructuring...

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