Bondholder Identification
In
almost any restructuring scenario, knowing who your investors are before making a formal proposal can increase the likelihood
of its success. To that end, we first prepare a report identifying
the actual beneficial owners of the securities as well as the financial institutions through which the securities are held
in street name. This early view of the bondholder landscape gives the client the ability to tailor their transaction accordingly,
as well as providing important information on investors and key decision-makers
such as portfolio managers and analysts. And
because of our extensive experience working with securities depositories such as DTC, Euroclear, and Clearstream and our strong relationships with the many brokers, dealers, banks and other financial institutions involved,
GBR can track down and communicate with
elusive beneficial owners who are often scattered around the globe and whose identities may be obscured by several intervening
layers of street name ownership.
As part of our full-service approach, we assist issuers by advising on the content and lay-out of
the transaction documents so as to minimize investor confusion and maximize participation levels. We know from experience
that even a motivated bondholder may decline to participate or miss a deadline because of documents that are not investor-friendly,
and to that end we have compiled a comprehensive archive of successful transaction document templates covering every conceivable
type of restructuring scenario. We coordinate the printing and mailing of transaction documents to beneficial owners and other
interested parties, vigorously following up the distribution process and maintaining the flow of information to the investment
community throughout the course of the transaction. We set up a web link to permit direct downloading of the transaction documents.
We draw on our vast experience when responding to inquiries from investors, analysts, brokers and other market participants,
tailoring our responses to the sensibilities of the various investor types. We also reach out to investors and
aggressively solicit their participation whenever circumstances require. In addition, we make all necessary
arrangements with the various securities depositories to facilitate exchange or tender offers.
Balloting/Tabulation Agent
Restructuring transactions of all types require an efficient distribution of offering
materials to investors, and many cannot succeed without an aggressive solicitation of investor responses. We take a
proactive approach to managing this flow of information, both to maximize investor response rates and to ensure that every
vote, consent, tender or other investor response is timely received and properly executed. Throughout the course of each transaction,
we track and analyze the bondholder responses, permitting a targeted approach to solicitation that increases participation
levels and obviates the need for deadline extensions.
