Chapter 11 New Exit Financing
A manufacturing company needed the placement of exit financing and restructuring pursuant to a Chapter 11 Plan of Reorganization in the U.S. Bankruptcy Court for the Southern District of Texas.
Statesman’s Value Add:
- Co-advisor to the Company, along with SSG
- Capital sourcing through strategic relationships
- Co-negotiated structure and terms of the ultimate agreement
- Assisted in due diligence and closing
Voluntary Chapter 11 with exit financing.
The Company attained new financing sufficient to fully resolve the litigation, refinance existing debt, and pay all unsecured creditors. The Company was able to avoid a liquidation or sale of its assets at depressed values and achieve a true Chapter 11 reorganization with new exit financing.