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Even though a company has developed an operating turnaround plan, sometimes that plan will not generate enough cash in the early months to satisfy creditors, or it will be obvious that the current banking relationship has deteriorated to the point where a new banking relationship must be established.
In such cases, Centrus has the expertise to find alternative financing, providing the following financial/debt restructuring services:
• Replace current lender in cases of lender fatigue
• Secure bridge or mezzanine financing
• Orchestrate and negotiate out-of-court, informal Chapter 11 actions to restructure trade debt and other unsecured debt.
Our primary goal is to assist under-performing businesses in restructuring their debt to serve the financial needs of a successful turnaround. And thanks to our dedication to innovative problem solving, we’ve earned a reputation for developing operating plans that receive financial institution funding even when lender fatigue has set in. We’re also widely recognized for successfully re-negotiating debt structure with secured lenders and trade creditors based on an improved cash flow plan resulting from that restructured debt.
Our unique approach to debt restructuring has also been able to secure mezzanine financing for several clients, giving them the time to implement the Centrus operating plan – and subsequently secure conventional banking relationships based on their turnaround performance.
Turnaround Management | Crisis Intervention | Executive Recruiting | Wind-down Management
Financial/Debt Restructuring | Divestitures
