Distressed Debt Advice
When a company breaches or expects to breach its financial covenants or has insufficient headroom on its banking facilities it will need to negotiate with its lenders. This can be part of an overall turnaround plan or standalone, where the operations are sound but the company is highly geared. Our distressed debt advisory team specialises in leading and supporting companies in negotiations with lenders and other key stakeholders.
Our team has the expertise to:
- Deliver an in-depth diagnosis of the company’s financing requirements, including a review of the business plan and an evaluation of stakeholder positions;
- Provide comprehensive options analysis with an appraisal of achievable alternatives and an exploration of alternative sources of funds;
- Lead negotiations to agree alternative solutions for the company with its creditors, their advisors and supporting lawyers from initial discussions to full documentation of agreed deals.
In the past 12 months we have led and supported a number of renegotiations, including substantial debt for equity swaps, for private equity and corporate clients.
The Restructuring Services Distressed Debt Advisory team has strong relationships with the work out bankers and specialises in distressed refinancing transactions. We work closely with our Debt Advisory team within Corporate Finance Advisory which focuses on raising finance.
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