Drafting Preferred Stock Provisions and Expected Developments in the New Environment
Structuring Liquidation and Distribution Preferences, Conversion Rights, Anti-Dilution Protection, and Tax Provisions
Note: CPE credit is not offered on this program
Recording of a 90-minute premium CLE webinar with Q&A
This CLE course will discuss the risks and benefits of preferred stock, as well as expected developments in light of the changing market landscape. The program will discuss drafting and other considerations.
- Preferred stock--pros and cons
- Key structuring characteristics
- Participating vs. nonparticipating
- Capped or not
- Board seats
- Negative covenants
- Tag-along and drag-along rights
- Preemptive rights
- Redemption rights
The panel will review these and other key issues:
- What are the benefits and risks for investors in acquiring preferred stock?
- What are the risks and benefits for companies issuing preferred stock?
- What are the critical considerations in drafting preferred stock provisions?
- What new developments are expected in light of the depressed market conditions?
- What are the tax and accounting considerations?
Hillary H. Holmes
Gibson, Dunn & Crutcher
Ms. Holmes is a partner in the Houston office of Gibson, Dunn & Crutcher, Co-Chair of the firm’s Capital... | Read More
Ms. Holmes is a partner in the Houston office of Gibson, Dunn & Crutcher, Co-Chair of the firm’s Capital Markets practice group, and a member of the firm’s Oil and Gas, Securities Regulation and Corporate Governance, Private Equity and M&A practice groups. Her practice focuses on capital markets, securities regulation and governance counseling for master limited partnerships and corporations in all sectors of the oil & gas energy industry.Close
Eric M. Scarazzo
Gibson, Dunn & Crutcher
As a key member of the firm’s Capital Markets Practice, Mr. Scarazzo is involved in some of the firm’s most... | Read More
As a key member of the firm’s Capital Markets Practice, Mr. Scarazzo is involved in some of the firm’s most complicated and high-profile securities transactions. Additionally, he has been a certified public accountant for nearly 20 years. His deep familiarity with both securities and accounting matters permits Mr. Scarazzo to play an indispensable role supporting practice groups and offices throughout the firm. He provides critical guidance to clients navigating the intersection of legal and accounting matters, principally as they relate to capital markets financings and M&A disclosure obligations.Close