Highlights:
• Saved a hospital chain from insolvency in less than 8 months as its Financial Advisor. The hospital chain was in dire need of funding in multiple states, with the lender seeking immediate payment. As a solution, performed daily cash management services, financial forecasts and business plan presentations, departmental profitability analysis and improved performance and profitability, while assisting in the sales process leading to the lender getting paid in full. The hospital joined a national practice which allowed care in the community to continue.
• Provided industry and financial analysis resulting in improved EBITDA (Earnings Before Interest, Tax, Depreciation and Amortization), overall business process improvements and maximizing creditor returns.
• Successfully advised on $675-million of Exide’s Senior Secured Notes (Indenture Trustee) on financial performance, environmental issues involving federal, state and local government agencies, initial valuation analysis and plan terms, including preparation for prospective adequate protection and lien challenge actions. Client emerged from bankruptcy after applying advice to convert their debt to equity which secured opportunity for the bondholders to be paid in the future.
• Instrumental in securing payment for Energy Future Holdings by performing due diligence, attending and preparing for depositions. Energy Future Holdings is one of the largest companies ever to file for bankruptcy with more than $40-billion of debt, largely derived in an LBO (8th Largest Bankruptcy in the world). As the financial advisor, counseled during court hearings in Delaware bankruptcy court, including contested RSA proceedings for $1.6-billion of Unsecured Notes (Indenture Trustee).
• Energetically delivered superior financial advisory services and litigation support for $1.6-billion in Notes (Indenture Trustee) in a contentious covenant default/fraudulent transfer action for Travelport. This complex work included analysis of SEC filings and transfer transactions, reviewing and working on solvency analyses, document review, and organizing a case with more than 3-million pages in discovery. Successfully advised on the terms of a successful out-of-court global settlement and exchange offer.
• Travelport’s out of court restructuring won multiple M&A Advisor awards for best out of court restructuring deal of the year with an astonishing 99% bond holder approval of the settlement. Served as financial advisor to the bond holder trustee.
Companies I like:
American Express, Jetblue Airways, Mitsubishi UFJ Financial Group, Estée Lauder Companies, NBC Universal, Anheuser-Busch, Google, Viacom, Ralph Lauren, Vitamin Shoppe
Financial modeling, forecasting, budgeting, cash management, financial analysis, lender presentations, M&A.
Provided financial advisory services to creditor committees in complicated restructuring in the international media and oil and gas industries.
Financial Advisor to creditors in highly complex bankruptcy proceeding in Delaware as well as litigation support to all clients. Experienced in high profile complex multiparty negotiations and court proceedings including, Exide Technologies, Energy Future Holdings bankruptcies and Travelport. Exide Technologies operates in more than 80 countries and is a global leader in stored electrical energy solutions and one of the world’s largest producers and recyclers of lead-acid batteries. Energy Future Holdings is the largest regulated provider of electric transmission and distribution services and non-regulated retail electric provider in Texas, serving approximately 5-million customers. Travelport is one of three leading international travel commerce platforms providing across-the-board services for the global travel and tourism industry.
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