Following the onset of the credit crunch in September 2008, Business owners and their advisers have had to be evermore mindful of the implications for them and their businesses of existing relationships and of the potential opportunities arising from creating new ones.
Businesses needing to refinance, raise debt, obtain amendments to existing arrangements or simply managing the status quo against challenging market conditions, are having to face up to the potential for an unpredictable response from their lenders and to be prepared for that response, even where relationships have historically been strong.
Our restructuring team, which works closely in conjunction with our Corporate Finance and Due Diligence teams, has significant experience across the whole range of debt providers and typically provides seamless support to senior management teams and business owners on;
Refinancing existing facilities
Where covenants and/or debt servicing are at risk from difficult trading conditions, renegotiating with current financial providers as necessary
Finding funding solutions to make acquisitions
Finding funding solutions for new business strategies/operations
Conducting competitive tenders for the provision of financing solutions, including negotiation of term sheets and financing terms
Negotiating amendments to existing financing terms, including covenant amendments and waivers and debt rescheduling
Negotiating restructurings, including debt for equity swaps
Managing stakeholder relationships