Though the future is largely uncertain, we know the credit markets underpin all activities across global capital markets. While interest rate hikes may shake confidence across many sectors, the resulting market adjustments can provide investors with great opportunities. Companies of all sizes will eventually need to refinance, adjusting for capital needs in a pervasive and persistent inflationary environment. As some market players experience a liquidity crunch, how will debt financing evolve? Will lenders seek ownership through conversion to equity, cash out early, or engage in the secondary markets for liquidity? Where are tomorrow’s opportunities today? If credit is a cycle, where in the history textbook can we reference as a playbook for what is ahead?

Moderator

Michael Milken

Chairman, Milken Institute

Speakers

Victor Khosla

Founder and Chief Investment Officer, Strategic Value Partners

Lee Kruter

Partner and Head of Performing Credit, GoldenTree Asset Management

Michael Patterson

Governing Partner, HPS Investment Partners

Anastasia Titarchuk

Chief Investment Officer, Deputy Comptroller, New York State

Anne Walsh

Chief Investment Officer, Guggenheim Partners Investment Management