Gordian Group acted as financial advisory to an Undisclosed Facilities Management Company and was able to assist the Company in procuring a restructuring that resulted in a significant reduction of debt and an option for the sponsor to buy back into a majority position.
Gordian led the negotiation of a recapitalization for the Company, which led to: 18+ lenders across two tranches agreeing to a 30% debt reduction; covenant relief with multiple cure rights; maturity extensions; and cash interest relief – all with little dilution to the Sponsor and outside of bankruptcy within three months.
Gordian offered credible and powerful alternative strategies to the Company and advised on obtaining a forbearance for the Company to even the playing field and further negotiations with the lender.
Gordian acted as investment banker to the Company, coordinating and leading the Company through its sale process.
Gordian Group acted as investment banker to the Company in connection with a restructuring that lowered leverage and provided the Company with liquidity, covenant headroom and reduced debt service to execute on a turnaround
Gordian Group acted as investment banker to the Company in connection with its restructuring, to market and effect a sale of the Company’s operating assets and untapped reserves.
Gordian prepared an expert witness report and was deposed in court in regard to the appropriate allocation of sale proceeds. Our client ultimately reached a successful settlement, including a favorable allocation of sale proceeds and releases.
Gordian prepared a fairness opinion in connection with the Company’s capital raising efforts to fund its immediate liquidity needs.
Gordian Group advised a significant stakeholder in connection with negotiating a restructuring that included investing additional capital on improved terms to support the business and a restructuring that incentivized the Company to quickly retire/refinance its debt.
Gordian successfully consummated a comprehensive restructuring of the Company’s balance sheet outside of bankruptcy, resulting in significant liquidity and covenant headroom for the Company to achieve a turnaround, while minimizing dilution to the private equity sponsor.
Gordian successfully negotiated a compromise proposal with a significant retailer that minimized the cash outlay related to multi-million dollar global RTV obligations.
Gordian acted as financial advisor to a Sponsor-backed industry leader that provides marketing and other services to an industry indirectly related to the events sector. Within several months, Gordian effected a consensual, out-of-court restructuring that resulted in a significantly delevered balance sheet, additional capital to stabilize the business, several-year debt service and covenant relief and … Read more