Brian A. Williams has over 20 years of oil and gas investment banking, strategic advisory and operating experience focused on oilfield services mergers and acquisitions, public and private capital raises, restructurings, principal investing and executive management. His deep expertise and knowledge of oilfield industry trends, technology and participants allows him to provide value-added insights and advice on transactions and special situations where understanding both the near-term and long-term value creation potential of an oil and gas related business is critical in developing a strategy which optimizes the outcomes for stakeholders.
Privately held companies, particularly smaller operations, are starting to feel more pain from the coronavirus pandemic as loan default rates rise while their lenders and private-equity backers seek ways to steer them safely to the end of the year.
You would probably be shocked at how little restructuring activity went on in the second quarter. A lot of people were deferring payments, [and] lenders were offering forbearances. That’s now beginning to change. The big theme now is, who is going to fund the next three to six months?