Liquidity and contingency planning
Short-term cash forecasting, covenant analysis, funding runway and options assessment before pressure becomes acute.
Capital Structure and Restructuring
Clear thinking when the capital structure is under pressure.
We advise companies, boards, sponsors, creditors and other stakeholders on liquidity, refinancing, liability management and restructuring, in and out of formal processes.
All advisory practices
Overview
Capital-structure work is decided by preparation and timing. Options widen when liquidity, covenant headroom and stakeholder credibility remain intact, and narrow quickly when they do not.
We build a defensible view of liquidity, valuation and recovery across scenarios, then design a negotiating strategy that reflects the legal architecture of the debt, the incentives of each stakeholder group and the realistic alternatives available to the business.
Assignments range from quiet, consensual liability management through to contested, multi-jurisdictional restructurings and rescue financings.
Capabilities
What we do in this practice.
Liability management
Amendments, extensions, exchanges, discounted repurchases, priming structures and consent strategies.
Debt restructuring
Consensual and formal restructuring of bank, bond, private-credit and hybrid obligations across jurisdictions.
Creditor and stakeholder advisory
Independent advice to lender groups, bondholders, sponsors and other stakeholders on value, recovery and negotiation strategy.
Rescue and new-money financing
Sourcing and structuring priority, bridge and interim capital in time-sensitive circumstances.
Distressed sales
Accelerated and court-supervised sale processes designed to preserve enterprise value and continuity.
Situations we address
Where this work typically begins.
Covenant pressure
Maturity walls
Underperformance and dislocation
Sponsor recapitalisation
Creditor negotiation
Rescue financing
How we work
A disciplined sequence.
Diagnose
Liquidity, capital structure, documentation, valuation and stakeholder mapping.
Model
Downside, base and recovery scenarios across the waterfall.
Negotiate
Stakeholder engagement, proposal design and consent building.
Implement
Documentation, funding, governance and post-transaction monitoring.
Related practices
Mergers and Acquisitions
Strategic counsel on acquisitions, divestitures, mergers, joint ventures and contested situations.
ExploreCapital Solutions and Private Capital
Tailored private capital, minority investment and structured financing strategies.
ExploreEquity Capital Markets
Independent advice on IPO readiness, equity issuance, equity-linked instruments and investor positioning.
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