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

2.  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  Webex customer support at 866-229-3239 REMINDER:

3. Moderator Suzanne Miller Editor, corporate dealmaking The Deal LLC

4. Expert Panel Paul Hespel Partner Pepper Hamilton LLP

5. Expert Panel Leonard Tannenbaum CEO and chairman Fifth Street Finance Corp.

6. Expert Panel Frederick Lane Vice chairman of investment banking Raymond James & Associates Inc.

7. Expert Panel Randy Schwimmer Managing director Carlyle Group

8. Declining M&A activity, so far, in 2012

9. Source: Thomson Reuters

10. The $2 trillion-dollar question

11. Source: Dealogic

12. The borrowers: Who are they

13. Source: Dealogic

15. The evolving bank lending requirements

16. Source: Thomson Reuters 2Q 2012 covenant-lite loan issuance picks up

17. Wall of

18. Source: Credit Suisse

19. Outlook

20. AUDIENCE Q&A

21. and thank you for joining our webcast