Q&A with Mohit Agarwal and Dermot MacNamara

Mohit: I want to apply my decade of turnaround experience and execution perspective globally into market-shaping action. This role draws on my skill set, experience and professional passion. I work inside complex European workouts with boards and management teams to protect and grow enterprise value in all major European and UK markets. This is an important time for restructuring, and I want to be actively involved in shaping it for the better for all stakeholders.

Dermot: And I am a senior buy-side investment professional with over 15 years of experience of leveraged loans, high yield bonds and private credit across Europe and the Americas, so I’m motivated to bring my experience to bear and help improve the ability of the leverage finance community to provide the most appropriate capital solutions to market issuers.

The market continues to evolve, and as a leverage finance community we need to evolve with it. Through my career I’ve developed deep relationships with peers, across the street, and with the advisor community that I believe will prove useful in this role.

Mohit: Yes, I’m also excited about working with peers and stakeholders across the lev fin community, building existing relationships and new ones. ELFA is the only buy-side association for leveraged finance, so it offers great convening power and a rallying of common interests.

Dermot: We are at the very early stage but I’m hoping to share my restructuring experience, ranging from peaceful surrender to LME, to develop best practice around topical issues such as Duty of Care, Coop Agreements, Transferability, Disclosure, and Seniority / Payment Waterfall. I think enhancement of these areas will help improve the ability of the leverage finance community to continue providing the most appropriate capital solutions to market issuers. And, in turn, safeguard the sustainability and robustness of the lev fin market for all participants.

Mohit: I want to help develop practical playbooks for co-op agreements, liability-management tools, and ensure transparency and fairness in processes. I also want to convene thoughtful insights from the committee and publish them via the ELFA platform, to help shape the restructuring dialogue in Europe at this important moment in the cycle.

Mohit is Executive Director, Strategy & Corporate Development, Pemberton Capital Advisors. Dermot is Senior Credit Analyst, Muzinich & Co. The third Co-Chair is Marc Touboul, Partner and Portfolio Manager, Liquid Credit Europe, Bain Capital Credit.