Scott Lyman is a director in the Disputes and Investigations practice and based in New York. He has over 13 years of specialized experience in financial restructuring, valuation, debtor advisory, creditor representation, litigation support and the representation of the interests of sponsors, guarantors, and liquidity providers. He has extensive experience advising both companies and lenders in out-of-court restructurings, diligence and bankruptcy proceedings.
Scott has worked with both public and private companies across numerous industries, including automotive, financial services, paper and plastics, insurance, real estate/construction, retail, and telecommunications. He has led teams in performing myriad tasks across all aspects of financial analysis:
Represented initial purchasers of new asset-backed securitizations in connection with due diligence, preparation/analysis of cash flows and performance of agreed upon procedures relating to offering/marketing materials.
Developed underwriting / cash flow models; verified that the debt service schedules provided to investors conform to the deal structure / documents; offering document(s) reviewed and sourced to company records.
Performed certain critical functions within complex debt offerings (i.e. Back-Up Manager / Servicer and Verification Agent).
Performed ongoing analyses of the performance and compliance of asset-backed securities for lenders and credit support providers.
Covenant compliance monitoring and management; developing and assessing restructuring alternatives; recomputation of servicer reports.
Reviewed ISDA documentation, derivative valuation, and the close-out process for a wide-range of derivative assets between various parties, including formulating the overall recovery and claim mitigation strategies.
Scott has worked with distressed and underperforming companies both in and out of bankruptcy to develop and implement turnaround plans, debt restructurings, DIP financing, §363 sales process and other strategic transactions. He advised and assisted clients to address liquidity issues, the impact and implementation of operational and strategic initiatives, developing and challenging business plans, cash flow projections and identifying restructuring alternatives in order to assist debtors, unsecured creditors, secured lenders, trustees, and other constituents in Chapter 11 and out of court proceedings.