Case Study : Turnaround Operations and Obtain New Financing

A Seventy-five year old manufacturing firm was experiencing substantial losses due to weak market conditions. The Lender had made demand, and was pressuring the Company to repay all debts. Kellogg was engaged in order to:

  1. Negotiate a one year extension agreement with the Lender. This allowed the Client to focus on turning operations around.
  2. Evaluate financing alternatives, in light of operating losses.
  3. Obtain $1.5 Million of new financing from a combination of sources: New Commercial Bank, State supported loan fund, New Equity from two sources. Kellogg prepared the financing books, negotiated deal terms and closed the transactions.

Case Studies

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