Gulf
Atlantic Capital Secures Equity Infusion to Fund Reorganization of Troubled Airline.
Fort Lauderdale,
Florida
$80,000,000
Gulf Atlantic
Capital acted as financial advisor to the debtor in the successful reorganization of the company.
Gulf
Atlantic Capital Provides Comprehensive Restructuring and Recapitalization Services.
Amerijet was facing increasing operating losses and an overleveraged balance sheet as a result of operational inefficiencies, high fuel prices and declining revenues.
Developed a transaction structure that enabled new investment to recapitalize the Company while allowing existing ownership to retain a substantial equity position.
Completed a comprehensive operational and financial restructuring including a new senior debt facility and new equity investors.
Confirmed Chapter 11 plan of reorganization that reduced the Company’s liabilities by more than $30 million.
