Hill Dickinson advises clients on all the restructuring options available when they are in a distressed situation. If we are involved at an early stage, we can assist businesses in identifying problems and promoting constructive dialogue with stakeholders. This can provide the best opportunity for a beneficial outcome for all parties.
This can be achieved by various processes including the following in which we have extensive expertise and experience:
- Rescheduling/refinancing debt
- Debt and equity restructuring, including debt for equity swaps
- Reorganisation and turnaround
- Debt moratoria or standstill agreements
- Covenant waivers
- Lender exit strategies
- Improved security packages for lenders
- Disposal of failing business units
- Dealing with pension deficits
- Renegotiation of contracts and leases
- Section 110 agreements
We advise the following on restructuring strategies with the aim of improving returns for stakeholders and avoiding formal insolvency wherever possible:
- Distressed businesses
- Company directors and shareholders
- Financial institutions and lenders
- Turnaround and insolvency practitioners
- Other key stakeholders and creditors
