Anatomy of a Hundred-Cent Case: Deconstructing Hertz and Garrett Motion

Anatomy of a Hundred-Cent Case: Deconstructing Hertz and Garrett Motion

Last year, two very different cases achieved substantial returns to equityholders: Hertz and Garrett Motion. This panel reviews how Hertz and Garrett Motion were able to achieve this result, including the circumstances that brought these companies to chapter 11 and the value-maximization strategies employed, the auction processes in each case, and how future tort claims were valued. The panel also holds a broader discussion regarding the financial advisor’s role in the chapter 11 process from inception to exit.

New York City Bankruptcy Conference
2022
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