Gulf
Atlantic Capital Stabilizes Pharmaceutical Distributor in Over Advance Position.
Glasgow, Kentucky
$4,500,000
Gulf Atlantic
Capital acted as financial advisor to the senior lender in evaluating the operations and collateral position of the debtor.
Gulf
Atlantic Capital Stabilizes Pharmaceutical Distributor in Over Advance Position.
Gulf Atlantic Capital was retained by the senior lender for South Pointe Wholesale after the Company sustained a loss representing approximately 50% of its accounts receivable.
Developed detailed operating analysis, including an evaluation of management, assessment of cash flows and an analysis of the Company’s fixed costs and breakeven structure.
Assisted the lender in assessing the viability of the Company’s operations, including the timeframe and ability of the Company to resolve the over advance position.
Developed detailed budgets and reporting mechanisms for the lender to monitor the Company and continually evaluate their position in the borrower.
