Restructurings and Turnaround Management

We provide turnaround management services to under-performing companies. This primarily involves restructuring existing debt facilities and/or attracting new money. Very often the success of a turnaround is driven by the ability of the client to attract new lenders and/or investors. Elan Capital is uniquely qualified to bring new money to difficult situations because of the long-established affiliations of our Specialty Finance business unit. Our Turnaround services include:

• Restructuring/replacing existing credit facilities.
• Negotiating debt forgiveness with existing lenders.
• Arranging debt-for-equity swaps.
• Participating as an advisor or full-time member of the management team.
• Sheparding a client through the Chapter 11 process, if necessary, which includes:
  • Arranging DIP financing.
  • Coordinating asset sales, as necessary.
  • Filing the Plan of Reorganization.
  • Arranging Exit financing.