Forbearance was Key to Successful Turnaround
06.9.21
A struggling tire retailer-wholesaler had defaulted on its revolving line of credit before the COVID-19 pandemic. The lockdown’s hit to sales and cash flow was the last straw for its secured lender, who wanted out of its $15.5MM commitment. Here’s how we helped the company right-size its business, improve cash flow, and refinance its debt. […]
