|
Meadowcraft, Inc.
In March, 2001 our firm was asked to assist this manufacturer of outdoor furniture in negotiating a forbearance agreement with its principal banks. Our scope expanded to include an assessment of current operational capabilities, structuring a turnaround plan, and refinancing the Company's senior debt obligations. The financing closed in January, 2002 with a new revolving line of credit of $65 million and restructured term debt of $43 million held by the existing bank group.
Finley, Colmer and Company was retained once again by Meadowcraft in May, 2003 to assist in the formulation, execution, and financing for a Plan of Reorganization for the Company. Our firm completed the $35 million working capital facility financing in September, 2003.
|
|