This was a large international remanufacturer of industrial transformers providing products to utility and commercial customers throughout the United States and South America. The company was experiencing creditor's problems and insufficient cash flow to operate its business.
Our Swift Action and Results
The Crisis - Transformer Remanufacturing Co.
| • | Stopped the bank from foreclosing without the use of bankruptcy |
| • | Negotiated a new seven year amortization on the term loan at a substantially reduced interest rate |
| • | Negotiated a new line of credit for the company's working capital needs |
| • | Reduced the company's tax liabilities and unsecured debt allowing the company to once again generate a positive cash flow |
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