Estudios de caso

Receivership of Packaging & Material Supply Business Delivers 100% Return to Senior Secured Lender

J.S. Held adquiere Element Forensic Engineering, ampliando así sus capacidades especializadas en seguros para reclamos de daños a la propiedad en el segmento de empresas medianas y de grandes en todo Canadá

LEER MÁS cerrar Creado con Sketch.
Inicio·Receivership of Packaging & Material Supply Business Delivers 100% Return to Senior Secured Lender

La situación

After a packaging and material supply business defaulted on its senior secured loan, the lender sought a court-appointed receiver to preserve collateral and maximize recovery. Our team successfully stabilized the business's operations and delivered a full return of capital to the secured lender in approximately six months through a refinancing. The receivership enabled the business to continue as a going concern, preserving its legacy and saving jobs. Without it, the company would have been shuttered, resulting in a complete write-off for the lender and significant job losses.

Nuestro asesoramiento

Our team implemented the following strategic actions to optimize results:

Designed an exit strategy involving a refinancing that satisfied the secured lender without forcing an immediate wind-down and liquidation, which would have resulted in a complete write-off for the secured lender as the company’s liabilities exceeded accounts payable.

  • Contacted and met with seven prospective takeout lenders regarding debt structure, collateral, and financing needs.
  • Coordinated diligence, information requests, and lender reporting throughout the refinancing process.
  • Helped close the takeout financing, resulting in a full payoff of the senior secured debt's principal, interest, and fees. The refinancing enabled the company to continue operations.

Quickly took control of the business after its forbearance period expired without a cure.

  • Secured assets, business data, bank accounts, and cash management authority.
  • Worked with management and accounting to create governance over receipts, disbursements, and critical operating decisions.

Managed cash strategically to address cash leakage and vendor pressure, which created risk to the collateral base and ongoing business continuity.

  • Limited disbursements to vendors critical to continued operations.
  • Implemented weekly vendor payment reviews and written approval protocols.
  • Maintained detailed cash flow visibility for stakeholders.

Preserved collateral value and pursued refinancing during continued company operations.

  • Conducted physical inventory and fixed asset reviews.
  • Monitored deliveries and inventory movement and performed surprise facility inspections.
  • Reviewed obsolete inventory with management to determine current value and protect recoverability.

Áreas de práctica relacionadas

> Sindicaturas
Los tribunales federales y estatales, los acreedores y los asesores legales eligen a nuestro equipo para actuar como Síndico de empresas y entidades inmobiliarias en dificultades. Estabilizamos las operaciones y el flujo de caja, protegemos los activos del negocio y buscamos métodos para maximizar la recuperación financiera. Nuestro equipo multidisciplinario aplica una amplia experiencia en reestructuración e industria como Síndico para tomar el control de compañías que enfrentan problemas financieros, operativos y legales. Dimensionamos operaciones, monetizamos activos, enfrentamos disputas, y aumentamos el valor y la recuperación general del efectivo para los acreedores y otras partes interesadas.

 

> Soluciones para situaciones de crisis
Ofrecemos soluciones integradas para empresas en dificultades o insolventes que maximizan la recuperación, mitigan riesgos y restauran el valor de la organización. Nuestros expertos son contratados para ayudar a las organizaciones en crisis a estabilizar sus operaciones, proteger los intereses de las partes involucradas y ejecutar estrategias de recuperación. Adoptamos un enfoque operativo que va más allá del balance general para minimizar un mayor deterioro y construir un camino hacia un crecimiento sostenible. Nuestro equipo ofrece orientación práctica y análisis independiente a prestamistas, acreedores, asesores legales, equipos ejecutivos, juntas directivas e inversores.

CONTACTOS PRINCIPALES

For additional information about the engagement or to learn more about our services, contact:

Nuestros expertos