9Questions — Cynthia Romano, FTI Consulting — Levered companies will go ‘back to basics’ in 2024
•8 min read
9Questions is our Q&A series featuring key decision-makers in the corporate credit markets — get in touch if you know who we should be talking to!
This year was an interesting one in the world of distressed debt and corporate restructuring. There was a little bit of everything: courtroom drama in the form of a scandal that erupted in the Southern District of Texas Bankruptcy Court around Judge David R Jones; more instances of lender-on-lender violence that have creditors looking over their shoulders at private equity sponsors; to pressure on the real estate market that’s creating opportunities for private credit firms.
With 2023 winding down and 2024 just around the corner, we wanted to look back at what’s happened so far this year and then look ahead at what’s coming next. To help us do that, we spoke with Cynthia Romano, a senior managing director at FTI Consulting who specializes in restructuring and turnarounds.