chapter 11 advisory

CRS Capstone Partners Advises a Toll Road Service Company Through Chapter 11 Bankruptcy

March 2014

Industry:  Infrastructure

Challenge:  Required payments to Secured Lenders and Interest-Rate Swap Counterparties exceeded the cash generating ability of the Concessionaire operating the toll road.

Solution:  Advised Senior Creditors through a non-consensual takeover of the Concession Agreement via a Chapter 11 Bankruptcy proceeding.

Results:  The Concession Agreement was acquired by a third party in bankruptcy, resulting in a 95% recovery on secured claim

 

Industry Experience

Industrial & Manufacturing

Lead Professional

Brian Davies

Head of Financial Advisory Services