FORMER CASH FLOW BORROWER SEEKS MULTI-JURISDICTION EUROPEAN FACILITY.
Previsio was engaged by a private equity owner of an auto supplier with operations in the US, Canada and multiple European jurisdictions to analyze the company’s existing US and European capital structures and to offer suggestions and alternatives to that capital structure. Working with Previsio, it identified the specific goals of improving liquidity, creating flexibility for the movement of cash around the consolidated group, minimizing any adverse tax consequences that might result from any refinancing and providing flexibility for future expansion of the business. Previsio performed a Phase I and Phase II Cross Border Reality Check and was able to suggest three financing alternatives to meet these objectives and identified at least four potential additional or replacement lenders willing to consider alternative financing structures using the European assets as the principal source of additional liquidity.
Outcome: The company and its private equity owner have taken this information and are currently in discussions with their existing senior and subordinated lenders regarding how to proceed. The outcome of those discussions and next steps are pending.
For less than the cost of a
Mediterranean vacation, you can immediately decide whether and how to pursue financing of your foreign operations and assets.
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