Debt Restructuring
Durkin Group professionals understand the needs of borrowers and capital providers, which is instrumental when negotiating and restructuring debt on behalf of customers. We have deep-rooted relationships with senior lenders, subordinated debt sources, and other capital providers. We have in-depth knowledge of the capital markets and options available to our clients to ensure that our clients obtain the best possible terms. We provide a rational, calm sounding board for all parties during any negotiation.
We work with our clients to prepare financial forecasts which project achievable, realistic financial performance and capital requirements. We create robust cash flow forecasts which are based upon tested assumptions, take into account the potential impact of unforeseen events and demonstrate that our client has the ability to support any debt servicing requirements.
We work on our client’s behalf with their capital providers to restructure or refinance their debt. This may involve waiving covenant violations or restructuring covenants, modifying payment terms or lending facility structures, subordinating debt, settling debt obligations for less than face value and finding new sources of capital, where appropriate.