When debt service no longer fits the cash flow, waiting costs more than acting. We diagnose the debt position, design a restructuring that creditors can accept, and support you through negotiation and execution.
Debt that was affordable at the start of a project can become a burden when revenue falls short, rates rise, or a refinancing date approaches. A restructuring works when it matches what the cash flow can actually support and gives creditors a better outcome than the alternative.
We start from the numbers: what the entity can pay, when, and under which terms. Then we build the proposal, prepare the creditor case, and support the negotiation.
Map every obligation, maturity, covenant and source of repayment.
Test what the cash flow can support under base and stress cases.
Reprofile tenor, amortisation, margin and grace periods, or combine instruments.
Identify new money or replacement funding to close the gap.
Negotiate realistic covenants and obtain waivers before a breach becomes a default.
Prepare the creditor case and support discussions with banks, bondholders and sukuk holders.
Establish the real debt position, liquidity runway and repayment capacity.
Develop and compare restructuring options against creditor recovery and your objectives.
Prepare the creditor presentation and support discussions through to agreed terms.
Coordinate documentation with your counsel and track performance against the new terms.
Legal documentation for any restructuring is prepared by your legal counsel. We coordinate with counsel and provide the financial analysis and negotiation support.
Tell us about the project or the problem. We will come back with how we would approach it.