Lender Restructuring Advisory
Driving alignment and collaboration to execute viable restructuring plans
Whether analyzing potential investment opportunities or navigating the restructuring process, timely and expert analysis is required to ensure that the appropriate action is taken. To address risks, maximize recovery, and mitigate potential exposure, creditors must understand the deep intricacies of the restructuring process and understand all viable alternatives. Many lenders require a trusted and experienced advisor that can effectively assess, monitor, and restructure the situation through a consistent, process-driven approach.
Ankura offers a comprehensive range of services to secured lenders, bondholders, banks, and investment funds of underperforming and distressed companies. We deploy a multifaceted approach to evaluate the situation and structure financial alternatives while considering the economic value to all stakeholders.
- Liquidity & Working Capital Management Evaluation
We help our clients thoroughly assess both the short and long-term liquidity needs of distressed debtors.
- Analysis of Management Capabilities & Strategy
Our experienced team with decades of experience provides strategic assessments of the leadership of distressed debtors.
- Business Plan Review & Evaluation
We review and evaluate the business plans of distressed debtors to determine their viability and pinpoint areas for performance improvements.
- Borrower Performance Monitoring
We help lenders monitor the performance of their portfolios to identify risks looming on the horizon.
- Stakeholder Negotiation & Dispute Resolution
Our team helps our clients drive alignment to gain consensus on a sustainable path forward.
Our Latest Thinking
Secured Lender Syndicate
Navigating COVID-19 Disruption
Ankura advised a bank syndicate in connection with their senior debt position secured by a 399-room, full-service hotel located in Manhattan. The impact of COVID-19 caused the borrower to default on its debt service obligations and forced the temporary halt of the construction work that was being performed as part of a major brand-mandated Property Improvement Plan. After reviewing the hotel’s historical performance and business plan, analyzing alternative exit scenarios, and negotiating multiple forbearance agreements and restructuring proposals, our team recommended the banks take possession of the asset and provided on-going asset management services.
The Ankura Difference
Ankura’s seasoned advisors understand the importance of creditor constituencies throughout the restructuring process. We provide the independent and objective advice creditors need to protect and maximize their recovery. Our experts deploy a consistent, independent, and objective process to assess, monitor, and restructure distressed situations and develop financial alternatives that consider the economic value to all stakeholders. We regularly advise lenders, banks, investment funds, or distressed companies through the restructuring process. Our seasoned advisors have served as principal investors and bring extensive operational, financial, and management experience to every engagement and deliver the financial and business services required to resolve outstanding issues.