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Collateral Examination & Quality of Earnings

  • Skilled Nursing Home Facilities Acquisition

    An investor group was seeking to purchase six, multi-state, skilled nursing facilities. As part of the acquisition, the investor group was seeking a $26 million term loan to finance the acquisition and refinance existing indebtedness, and a $14 million revolving credit facility, to support a letter of credit facility and for working capital. The investor […]

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  • Ambulance Service Provider Routine Examination

    A lender contacted Durkin Group to perform a routine field examination of an ambulance service provider. The company was requesting an increase in its working capital line. During cash testing, our field examiner discovered that the owner of the company was diverting funds to a troubled exotic car business that he also owned. The lender […]

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  • Collateral Examination & Quality of Earnings

    A commercial lender agenting a $100 million facility was concerned about declining revenue, declining EBITDA, and loan covenant violations. Prior to an upcoming bank group meeting, Durkin Group performed a collateral examination and quality of earnings assessment that revealed a curtailment of business from several larger customers as well as issues with revenue recognition.

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  • Collateral Examination

    Durkin Group recently completed a due diligence project relating to a $15 million revolving credit facility, and a $5 million cash flow term loan, secured by third party receivables for two hospital campuses. The diligence focused on calculating the net collectable value by payor class for comparison and support of the proposed advance rates by […]

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