A £400 million turnover loss making international publishing group where a turnaround plan had been prepared by management but the buy in of the group’s bankers to the plan had not been achieved.
Acted as lead advisor for the group, we assisted management to develop robust proposals to be put its bankers. Negotiated the restructuring of debt of £100 million, thereby, providing appropriate committed banking facilities to support the turnaround plan.
Banking facilities were restructured and renewed providing a platform for management to implement its turnaround plan
Nature of Support
Case Details: £400 million International Publishing Group