Gulf
Atlantic Capital Facilitates Subordinated
Debt Transaction to Recapitalize Apparel
Manufacturer.
Medley, Florida
$4,000,000
Gulf Atlantic
Capital acted as financial advisor
to the Company to secure a subordinated
debt facility.
Gulf
Atlantic Capital Structures and Implements Comprehensive Recapitalization.
Partex’s capital structure was highly leveraged and its senior lender was impeding the Company’s efforts to restructure its balance sheet and bring in new investment.
Developed an analysis of the Company’s operations and capital structure to demonstrate to the senior lender the true financial position of the Company and its capital needs.
Demonstrated that a comprehensive balance sheet restructuring was in the best interest of the senior lender.
Negotiated a consensual restructuring plan that wrote-down 40% of the senior debt allowing for a new subordinated debt investment to recapitalize the Company.
