Our client initially engaged our Corporate Finance team to assist with their immediate financial instability as they approached their busy season, but our analysis uncovered increasingly complex layers of issues— including unprofitable divisions, the inability to keep up with payments to equipment leasing providers and lenders, and the need for a significant influx of operating cash to survive the next six months.
Once our Corporate Finance team understood and identified the situation’s full complexity, our Restructuring team was brought in to support our client’s decision to move forward with a holistic plan to rebuild the business and help them navigate the inevitable challenges that come with such a massive undertaking. This included assisting in rebuilding financial projections; assisting in negotiating agreements with lenders; assisting in dealing with lenders to maintain support and securing interim financing; assisting with the sale of unprofitable divisions; commencing formal restructuring proceedings; and communicating with creditors, customers and employees.
