Debt Advisory & Restructuring
HELPING COMPANIES MANAGE THEIR DEBT
Specialists in “Out-of-the-Ordinary”. Solomon Partners was the among the early boutique investment banking firms that pioneered the debt advisory & restructuring business in the 1990s. Our debt advisory practice today remains a leader in the business, providing independent strategic and financial advice to corporate management teams, boards of directors, private equity and strategic investors, creditor groups, and other key stakeholders involved in troubled company situations.
OUR BANKERS ARE TRUSTED ADVISORS
Our team brings our clients a wealth of diverse transaction experience, unmatched technical expertise and instant market credibility. Having led some of the largest and most complex restructuring transactions over the past 20 years, our senior bankers are widely regarded as trusted advisors, highly skilled in transaction structuring, deal strategy development and execution, business and security valuation analysis, expert testimony, and multi-party negotiations.
We work closely with our clients to understand their problems and objectives and provide them with a comprehensive assessment of the range of available alternatives. We employ an integrated advisory approach which draws on the deep industry knowledge of our sector coverage bankers and the capital markets expertise of our Financing Advisory practice. This permits us a broader perspective on our clients’ challenges, allowing us to develop custom-tailored solutions that address not only their immediate financial difficulties, but also their longer-term operating, financial and strategic objectives. This interdisciplinary approach, together with our dedication to hands-on, senior banker leadership throughout the duration of the engagement, distinguishes us from other advisors in our business.
Importantly, as an independent firm focused solely on offering our clients advice on significant strategic and financial matters, our approach and recommendations are neither influenced by product or market biases, nor burdened by buy-side relationship conflicts. We prize and zealously protect our integrity, understanding that in the advisory business, there is nothing more important than our reputation and our clients’ trust.
Served as financial advisor to Maurices on a $200M credit facility provided by Wingspire Capital and SLR Credit Solutions to refinance debt and fund sponsor dividend
Served as financial advisor to AMI Entertainment Network to refinance existing indebtedness on senior secured credit facility
Served as co-financial advisor to Red Lobster on its refinancing of existing credit facilities
Advised Save-A-Lot on its sale of 51 stores to Fresh Encounter as part of an ongoing recapitalization and relicensing sales program
Served as financial advisor to Chico's on its $285mm Revolving Credit Facility and $15mm FILO
Served as financial advisor to AxiaTP’s majority equity holders in the Company’s restructuring
Serving as financial advisor to Thai Union Group on its acquisition of Golden Gate Capital’s remaining equity stake in Red Lobster Seafood Co
Solomon Partners served as financial advisor to FortNine on its transaction with Novacap.
Solomon Partners advised Designer Brands Inc. on a new $400 million ABL and $250 million Senior Secured Term loan.
Served as advisor to Mood Media on its pre-packaged Chapter 11 restructuring
Solomon Partners is serving as financial advisor to Brooks Brothers on its Chapter 11 proceedings.
Served as financial advisor to Fairway Market on the sale of select stores and distribution center to Village Super Markets, Key Foods, Amazon and Bogopa
Serving as investment banker to Stage Stores in its ongoing Chapter 11 proceedings.
Served as financial advisor to Lucky’s Markets on the sale of select stores to ALDI, Publix, Southeastern Grocers, Schnucks, Hitchcocks and Seabra Foods
Advised Ares on its Convertible Preferred Investment into OUTFRONT Media
Served as financial advisor to Save A Lot on its successful recapitalization and refinancing
Served as financial advisor to Mission Pharmacal on a term loan facility.
Served as restructuring advisor to Payless ShoeSource in its Chapter 11 bankruptcy proceedings
Served as financial advisor to majority equity holder in its recapitalization with a leading global infrastructure investor.
Serving as investment banker to IPIC Entertainment on its Chapter 11 bankruptcy proceedings.
Served as financial advisor to Charlesbank Capital Partners on its acquisition of assets of The Rockport Group
Served as advisor to the steering committee of bondholders in the restructuring of $2.8 billion of liabilities and raising of $350 million of new capital through a joint sauvegarde in France and a Chapter 11 in the U.S.
Served as financial advisor to the ad hoc Committee of Equity Security Holders of Ultra Petroleum
Advised Central Grocers on the sale the sale of its distribution center to Supervalu
Our debt advisory and restructuring practice covers the full range of activities necessary to assist our clients in troubled company situations, including:
- Evaluating options and recommending strategies
- Assisting with lender discussions and negotiations involving credit facility covenant waivers, amendments and maturity extensions
- Structuring, negotiating and executing distressed exchange offers, debt tender offers and consent solicitations
- Leading competitive solicitation processes to raise new debt, equity, or equity-linked financing
- Executing distressed mergers, acquisitions, company sales, asset divestitures or joint ventures
- Advising financial and strategic acquirers on the structuring of distressed company acquisitions and new money-led recapitalizations
- Designing, planning and executing deleveraging transactions involving the restructuring of existing debt and equity securities (ideally through a consensual out-of-court restructuring transaction, or, if necessary, through a formal bankruptcy proceeding)
- Valuing distressed companies and their underlying debt and equity securities and providing related expert testimony in litigation situations
NEWS & INSIGHTS
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GLOBAL EXPERTISE FROM OUR NATIXIS PARTNERSHIP
Today, Solomon Partners is an independently-run affiliate of Natixis, part of Groupe BPCE, a top ten European and top 20 global bank. Our partnership provides our clients with global coverage across the Americas, EMEA and APAC.
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STUDENTS & GRADUATES
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