Stuart W. Looney, CPA

Refinancing

 

Refinancing and Restructuring -  Refinancing and restructuring projects can place a near  unmanageable work load on organizations including senior management. Mr. Looney's previous "hands on" experience with refinancing and restructuring can be an asset in either directly supporting your project by helping to draft the strategic action plan, offering memoranda, solicitation memoranda, or to simply supplement the day to day operational staff. The age old adage of the operation having been a success, but the patient died, can have a distinct application to refinancing and restructuring efforts if the internal work load is not competently managed.    

Depending upon the size of an organization and its previous experience accessing the capital markets,  defining a corporation's capital needs in the context of a long term business plan and an associated budget can be a daunting task. Even when  the project is technically well covered in house,  the sheer hours necessary to produce a professional circular can grind daily routines to a near standstill.

In a fast paced, issues driven company, there is substantial merit to retaining competent outside help to work with you in preparing refinancing / restructuring proposals and supporting documentation. Besides the obvious benefit of directly addressing the issue of leveling the workloads, supplemental help can interject a valuable component of independent objectivity into the process.

The importance that this independent objectivity can play in a project's overall success is often overlooked. Keeping in mind that a good part of the initial decision making process  is done behind closed doors, primarily from the information you supply, it is important that that the materials you present provide a cohesive and practical picture of the business, the proposal, and the inherent risk profile.  Its often hard for insiders to cohesively merge the realities  of the business and its prospective components  into the four corners of a truly standalone document;  as they simply "know too much" to recognize what's missing. The documentation that you initially supply to an institution must convey a reasonably complete proposal along with an accurate and comprehensive  "story" about the company, its products, markets, people, and prospects. 

Mr. Looney has extensive personal experience accessing capital markets both domestically and internationally including Europe, Scandinavia, and Asia. He has refinanced and restructured existing facilities, secured equity and multi-layered debt for Mergers and Acquisitions, and led a leveraged buy-out.  

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