Debtwire European Distressed Debt Market Outlook 2017


The 2017 Debtwire European Distressed Debt Outlook report surveyed 100 distressed investors and 30 private equity funds to establish the outlook for 2017.  Jointly sponsored by Orrick and Greenhill, the report predicts that European restructurings will hit their next peak in 2017, with respondents citing interest rate rises (22%), geopolitical conflict (21%) and Brexit (16%) as the most important macroeconomic factors driving this trend. 

Featuring Orrick lawyers from a variety of practices, Restructuring Partner Stephen Phillips noted at the report launch that “after years of tentative steps we think that 2017 will be a year of restructuring, equity raisings, forced consolidations, and NPL sales/securitizations for the Italian banking system.”  He added, “Interestingly the market survey points to Belgium and a number of other countries as the center of possible bank resolution activity.”  To view the full report, please click here.