Restructuring & Debt Advisory

Photo © Alexa Van de Walle

Companies with complex restructuring and distressed debt issues rely on Gordian to develop bold and creative strategies and negotiate with creditors and other stakeholders, all in an effort to harmonize the diverse needs of all constituencies and maximize enterprise and shareholder values.

  • In our 30+ year history, we have advised clients on hundreds of balance sheet restructurings and refinancings.
  • Our experience allows us to enter time-sensitive projects, evaluate the businesses’ current state and long-term needs and quickly identify and execute upon strategies that maximize clients’ outcomes.
  • We are skilled negotiators specializing in creative and bold approaches that advantage our clients.

We have deep experience working with companies in matters involving complex issues, including managing the diverse needs of their stakeholders, negotiating with lenders and creditors, and determining the best course for maximizing business and stakeholder value.

Understanding the Situation

  • In our engagements, clients are oftentimes in a position of vulnerability.
  • Without experienced advice, such a company will frequently find itself disadvantaged with prospective investors and unable to close on appropriate terms.

Identifying Points
of Leverage

  • In order to successfully navigate such transactions, it is important to rely upon advisors that specialize in maximizing value through creative courses of action.
  • Even under duress, old equity has control and option value, which can be used advantageously.

Executing
Creative Solutions

  • We have a reputation for effectuating creative solutions and strategies that maximize value received for our clients.
  • Importantly, we do not rely on cookie-cutter solutions and approach each engagement from a clean perspective, synthesizing the specifics of the case with our decades of experience and our clients desires.

Maximizing Recoveries

  • We are experts at inverting their position in the “waterfall” that other advisors are loath to challenge.
  • Gordian has achieved recoveries for supposedly “out of the money” constituencies in circumstances where creditors and other constituents were facing significant value shortfall at the time we were retained.

At Gordian Group, we are delighted to field these kinds of confidential inquiries.
To set up a call, please contact Leslie Glassman at ljg@gordiangroup.com.

Select Restructuring & Debt Advisory Case Studies

Stereotaxis

Gordian Group acted as investment banker to Stereotaxis in connection with its successful, fast track, out-of-court restructuring, which entailed new money raised, a restructuring of existing securities, and new instruments being issued, all of which resulted in a significant deleveraging of the company and sufficient funds to support continued operations.

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Undisclosed PE-backed Value-added Manufacturer

Gordian acted as advisor to a privately owned value-added manufacturer company. Working with Counsel and the Company, Gordian obtained a restructuring that helped the Company obtain the liquidity it needed to execute a turnaround and grow EBITDA while also deleveraging the business without meaningful dilution to old equity.

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Anker Coal Group

Gordian Group advised Anker Coal in connection with the restructuring of its capital structure, which included a private exchange offer with a group of noteholders, the private placement of additional notes and additional liquidity from the senior secured lenders that allowed management the capability to implement its new operating plan and strategy.

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