Capital Structure Advisory
We help our clients address a wide range of capital structure matters around the world involving liquidity, debt maturity profile and quantum, liability management, optimal capital structure analysis, enterprise threatening litigation and general balance sheet matters. Our clients range from Fortune 500 public companies to middle market family and sponsor owned businesses, as well as sovereign governments and government-related entities, institutional investors, financial sponsors and non-profit and membership organizations.
We leverage an extensive range of tools and market experience to achieve our clients’ goals via public and private debt exchanges, tenders and repurchases, new money financings, negotiated recapitalizations, official and unofficial judicial processes to:
- Optimize/ deleverage balance sheets and provide maximum operating flexibility;
- Address financial and operating challenges as a result of business performance;
- Improve debt covenants with lenders and bondholders;
- Take advantage of opportunities associated with market volatility and security prices;
- Enhance liquidity; and
- Raise new capital in all forms of debt and equity.
600 engagements totaling $1.2 trillion
Since 2008, we have executed over 600 engagements totaling $1.2 trillion in value. We are a market-leader in “out-of-court” liability management, with over 60% of our company-side engagements having been completed out-of-court. Over the first 18 months of the COVID-19 crisis, we assisted our clients in raising over $100 billion in debt and equity to bolster balance sheet liquidity, address near-term debt maturities and refinance more costly debt.
Our expertise includes:
- Liquidity enhancement strategies
- Capital structure optimization
- Capital raise advisory and execution
- Debt management advisory
- Liability management (debt exchanges, consent solicitations, repurchases)
- Asset sales / Monetizations (sell-side and buy-side)
- Negotiated recapitalizations and restructurings (out-of-court)
- In-Court restructuring
- Cross-border and international restructurings
- Expert testimony and litigation support in complex litigation and arbitration