This panel session covered various aspects of managing distressed debt situations, including:
- Current state of the banks’ debt funding appetites and how this impacts corporate Australia
- Recommendations on how corporates can better navigate the current high interest rate environment
- Guidance on managing the bank refinance process in these less-than-benign debt market conditions
- Current state of restructuring and the insolvency market, with an emphasis on what activity PwC is seeing from secured lenders (local and international) and the ATO
- Recommendations on what steps to take to manage financiers and other stakeholders if cash flow is at risk and/or results are deteriorating; and
- Tax-related issues to be navigated.