Avant Advisory Group Assists with Restructuring $75 Million Credit Facility for a National Nursery Operator

Avant Advisory Group Assists with Restructuring $75 Million Credit Facility for a National Nursery Operator

Avant Advisory Group’s recent restructuring project brought a great result for both the borrower and the lenders. Through Avant’s continuing efforts the client was able to prevent a potential bankruptcy situation and reposition itself for future growth. For so many other companies in this sector, the result has been a Chapter 11 proceeding leading to liquidation. On the flip side, the lender group has a stronger long-term client positioned for future growth.

Existing economic conditions continue to affect good companies that have run out of borrowing capacity and the time required to make business strategy and operational corrections. And, getting the business back to the right strategic position requires a combination of identifying key operational course corrections, preparing detailed financial analyses, and helping take leadership on critical implementation and change management issues. More often than not, a comprehensive solution is the best solution.

Under the Chief Restructuring Officer services umbrella, Avant Advisory Group brings a multi-disciplinary team to help clients. The skill sets needed to run businesses in normal times are not the same skills needed under tough economic conditions. All businesses go through a life cycle and sometimes they need help on a short-term basis. There is no typical situation, but clients frequently need help with the following issues:

Improving cash flow and working capital management to improve borrowing capacity and availability, including preparing a credible 13-week cash flow.

Refining cost reduction planning and implementation – additional savings are needed and it is difficult for management to be objective after spending the last several years building up the business.Preparing credible projections tied to operational changes with improved financial performance.

Raising alternative forms or capital through private equity, mezzanine and non-bank lenders.Finding opportunities to pay down debt through asset optimization such as liquidation of excess and obsolete inventory, reducing cycle times, the sale of the excess real estate, or helping with a sale lease-back option.

Assisting with financial reporting concerns and providing additional support on interim reporting matters.

Avant Advisory Group is comprised of senior executives with backgrounds as partners and senior managers in the Big Four consulting environment, and with experience as turnaround and C-level officers across a broad spectrum of industries. Target client size typically includes companies with revenues from $20 million to $300 million.When appropriate, Avant Advisory also provides forensic accounting expertise and fraud investigations, as sometimes the financial reporting issues extend far beyond timely and accurate reporting.