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Primary in the Eye of the Storm: Challenges and Opportunities in Leveraged Finance in a Downturn
Join our expert panel for a discussion on the outlook for the primary and secondary leveraged finance markets amidst rising rates and a looming recession.

Our experts will provide an overview of new trends in deal structures, whether private credit is a viable alternative to the syndicated loan market, what covenant concessions have been won this year and if the market will see a return of maintenance covenants, as well as what investors can expect in 2023.

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Adelene Lee
Managing Editor @Reorg
Adelene manages a team of reporters covering high yield, stressed/distressed corporate and municipal debt for the Americas. She holds an MA in Communication from Stanford University and a BA from the School of Oriental & African Studies.
Chris Bonner
Head of Leveraged Capital Markets @Goldman Sachs
Chris is the head of the Leveraged Finance Capital Markets desk in New York. He joined Goldman Sachs in 2021 as a managing director. Prior to joining the firm, Chris worked at J.P. Morgan for 20 years as a managing director in various roles, most recently in Leveraged Finance Capital Markets. Chris earned a BA from Williams College and an MBA from Columbia University.
Melissa Alwang
New York banking partner @Latham & Watkins
Melissa Alwang is a New York banking partner at Latham & Watkins. She has extensive experience representing clients across various industries, including industrials, technology, healthcare, and consumer. She represents major financial institutions in leveraged finance transactions, international financings, acquisition financings, debtor-in-possession and exit financings, margin loan financings, and asset-based facilities.
John Armideo
Principal @Octagon Credit Investors
John Armideo has been investing in below investment grade credit for the last 14-years at Octagon Credit Investors. His current coverage areas include the business services, financials and software industries. He holds a B.A. in Economics from Amherst College. He received his CFA Charter in 2012.
Jacob Ucar
Partner & Head of Credit Opportunities @Park Square Capital, LLP
Jacob is a Partner at Park Square Capital, LLP, and a member of the firm’s Investment Committee. Prior to joining Park Square in 2007, Jacob worked in investment banking at Merrill Lynch and in market development at the Linde Group. Jacob holds as a Master of Finance from Stockholm School of Economics.