Restructuring and recovery case study
How one company stabilized their near term liquidity position
A multinational industrial products company faced deteriorating economic conditions and difficulty with servicing their financial obligations.
We helped the Company analyze their near term liquidity needs and evaluate various solutions, including the effects of a potential Chapter 11 filing. We addressed sensitivities around working capital contraction and the Company’s ability to satisfy covenants within a proposed debtor-in possession facility. We also helped management address the concerns of both suppliers and customers as they faced their financial challenge.
The restructuring work created short term liquidity so that Management could evaluate a broader range of financial and strategic alternatives. Those plans continue to work and today, the Company is better positioned to secure operating efficiencies and has a capital structure suited to its operating profile.
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