The Alchemy of Capital Structure
30,704
Published 2016-05-04
Erik Schatzker, Anchor and Editor-at-Large, Bloomberg Television
Speakers
Joshua Friedman, Co-Founder, Co-Chairman and Co-CEO, Canyon Partners, LLC
Joshua Harris, Co-Founder and Member, Board of Directors, Apollo Global Management
Carey Lathrop, Managing Director and Global Head of Credit Markets, Citi
Jonathan Sokoloff, Managing Partner, Leonard Green & Partners
Finding the best capital structure is a never-ending journey. It depends on financial market conditions, a company s growth ambitions, regulatory rules and the economic backdrop. Taking on too much debt relative to equity can leave a company hamstrung, while avoiding debt at favorable times can mean missed opportunities for growth. Designing the best capital structure is both an art and a science, and the smartest managers understand their environment and draw from a broad range of financial tools worldwide. The challenge of getting the capital structure right has become critical now, with the global economy at a crossroads. After a surge in corporate borrowing since 2009, is now the time to rebuild liquidity? Is the use of debt to buy back stock still prudent or does it risk shareholder backlash? How should managers anticipate interest rate, currency and equity market cycles in the U.S. and abroad to avoid getting caught with the wrong capital structure in the years ahead?
All Comments (5)
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Most of the predictions of the panel have been dead wrong
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First!
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This panel is filled with baseless pontificating lol
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this guy from Citi took up too much time and it's clear he only had superficial knowledge. The other three are so markedly looking at him in contempt
