Case History - #1
Telecommunications Manufacturer
In spite of major reductions in overhead, this public company’s future was in question as a result of debt inherited from the previous management team.
When we were engaged, the company had just 45 days remaining prior to seeking its legal protections. The outcome was outstanding. We were successful in retiring and liquidating all categories of their pressing debt inside 45 days.
This included the restructuring of a $16 million bank line and the elimination of more than $2 million of other critical debt from the Balance Sheet.
The settlement rate achieved for this secondary debt was exceptional with an average of 14.5 cents on the dollar. On the completion of our engagement, the stock price more than doubled.

