Gordian Group advised the principal shareholder of Continental Global Group, a manufacturer of conveyor systems for the coal mining industry, in a successful out-of-court debt-for-debt restructuring.
Case Study
Continental Global Group
CLIENT: Principal Shareholder of Continental Global Group
Services
Restructuring & Debt AdvisorySituation
Continental Global was a manufacturer of conveyor systems for the coal mining industry with an over-leveraged capital structure.
Engagement
Gordian Group was retained by the principal shareholder of Continental Global to assist in an out-of-court debt-for-debt restructuring.
Outcome
As a result of the restructuring, Continental Global’s financial condition was substantially improved through a material debt compromise and the principal shareholder was able to maintain its ownership stake without dilution.