Sector: Woodworking industry
Product Range: Timber
Revenue: EUR 180 M
Employees: 300
Initial Situation:
- The operational restructuring has already been completed
- A balance sheet restructuring of the liability side is still pending
- A financier has announced his desire to withdraw from the company
- In the past, only bilateral talks were held with banks with different collateral
- The future financing of the corporate group is only possible with a consolidation or restructuring of the financing
Procedures and Services
- Definition of shareholder goals and derivation of possible options for action
- Development of a target financing structure
- Conducting discussions with all financiers and drawing up a detailed term sheet
- Definition of covenants based on a medium-term planning
- Conclusion of a syndicated loan of € 50 million from a leading German commercial bank and a large Landesbank
Results
- Ensuring a sufficient financing volume for the implementation of the corporate strategy
- Stabilized overall financing with improved maturity matching
- Manageable complexity of credit and collateral agreements
- Reduction of current financing costs
- Financing provides sufficient scope and flexibility to take advantage of future market opportunities
Source: Concentro