And welcome you to our webcast: “Deal Financing: Behind the Numbers and in Front of the Curve”

and

welcome you to our webcast:

“Deal Financing: Behind the Numbers and in Front of the

Curve”

The audience is in listen-only mode

Please e-mail questions via the Q&A panel box

Select audience questions will be answered during the last 5 minutes of the program

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REMINDER:

Moderator

Suzanne MillerEditor, corporate dealmakingThe Deal LLC

Expert Panel

Paul HespelPartnerPepper Hamilton LLP

Expert Panel

Leonard TannenbaumCEO and chairmanFifth Street Finance Corp.

Expert Panel

Frederick LaneVice chairman of investment bankingRaymond James & Associates Inc.

Expert Panel

Randy Schwimmer Managing directorCarlyle Group

Declining M&A activity, so far, in 2012

Source: Thomson Reuters

The $2 trillion-dollar question

Source: Dealogic

The borrowers: Who are they

Source: Dealogic

Source: Dealogic

The evolving bank lending requirements

Source: Thomson Reuters

2Q 2012 covenant-lite loan issuance picks up

Wall of

Source: Credit Suisse

Outlook

AUDIENCE Q&A

and

•thank you for joining our webcast