At the The Deal's M&A Outlook 2009 conference Houlihan Lokey's managing director, Hamilton Crawford and Tom Callahan, managing director of Lincolnshire Management spoke on restructuring and special situations. In this video Crawford says that banks have to be much more aggressive concerning technical defaults and sponsors are becoming much more transparent with their lenders. Also,. Callahan says banks are not launching any new offerings because of a lack of financing.
