Our restructuring services are tailored to optimize and enhance clients’ balance sheets during any stage or situation, regardless of industry, objectives, or business characteristics. We are experts in special situations restructuring and intellectual property (IP) driven enterprises.

Our experts provide comprehensive capital structure optimization solutions to clients looking to support new growth opportunities, experiencing challenging financial circumstances, or seeking to recalibrate their debt obligations. We leverage decades of experience and a vast network of industry relationships to help reconfigure an organization’s financial structure in a manner that is both realistic and addresses our client’s specific needs and objectives.

Capital Restructuring Expertise
A company may need to retool its capital structure to support growth opportunities, shore up a challenging financial situation, or refinance expensive debt with hefty amortization and/or restrictive covenants. At times, a company’s performance may fall short of previously planned events or expected targets, resulting in the need to recalibrate its existing debt structure via an out-of-court refinancing, financial restructuring, and/or recapitalization process.

We give each transaction senior-level attention and serve as trusted advisors to clients, lenders, and investors, leveraging decades of experience, in-depth knowledge of the capital markets, and established relationships with private equity, mezzanine capital, and senior debt sources. Our experts work with clients to create a credible financial structure that considers the realities and needs of each client, ensuring that companies find the right financial partner and obtain favorable terms from their lenders and investors.

Our investment banking experts critically review existing forecasts and work with clients to prepare new forecasts that more accurately project the business’ anticipated financial performance and capital requirements. We also work alongside management teams to critique business plans and present recommendations on an optimal capital structure that the business can support based on current market conditions.

Balance Sheet Restructuring
Our recommendations for balance sheet restructuring generally focus on the following areas:

• Covenant violation waivers and restructured covenants
• Temporary, relaxed principal and interest payments
• Renegotiated termed-out debt structures
• Subordination of existing senior debt to “new money”
• Settlement of debt obligations for less than face value
• Conversion of some or all debt obligations to equity
• Debt and balance sheet restructuring through the sale of under-performing divisions/assets

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