How Tully's Coffee Found Liquidity Without a Traditional DIP Loan
Corporate Restructuring Group – April 2014 newsletter
The Deloitte CRG Newsletter addresses the current state and outlook for the CRG practice, including recent engagements, announcements, case studies and upcoming events.
How Tully's Coffee found liquidity without a traditional DIP loan
By Rob Carringer and Matt Farrell
When Deloitte CRG was hired as financial and restructuring advisor to Tully's Coffee, the team quickly discovered that Tully's was running out of cash and had to make serious decisions about their future business operations. The Deloitte CRG team stepped in to find a creative solution — securing a merchant cash advance — to combat Tully's liquidity crisis and looming Chapter 11 bankruptcy filing. Read this ABF Journal article to find out more on this unique financing solution.
Deloitte CRG’s featured engagements this month include work with the following selection of clients: Colt Manufacturing and skilled nursing facilities. For an in-depth look at Deloitte CRG’s recent engagements, check out featured engagements.
As used in this document, 'Deloitte' means Deloitte LLP [and its subsidiaries]. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.