Across nearly every industry, the COVID-19 pandemic has had an immediate and significant impact on business operations and balance sheets. The rules are different in the zone of insolvency for companies that are stressed or distressed and it remains incredibly important for business owners and trustees to understand their options.
When facing financial stress, the sooner a company takes affirmative action to address the situation, the better the outcome for the stakeholders. The closer a company gets to insolvency, the more the options dwindle, so now is the time to take action.
Griffin Financial Group, the affiliated FINRA-licensed investment bank of SES ESOP Strategies, can help distressed ESOP companies in transition, in the shadow of bankruptcy or already in bankruptcy. Griffin has a dedicated Special Situations Group with extensive experience. Our special situations team has existed since 2005 and is comprised of experienced deal professionals with backgrounds in the areas of law, lending, accounting and tax. All of their professionals bring an in-depth experience in the bankruptcy process, insolvency and special situations arena.
ESOP companies have unique considerations, and the combined experience of Griffin’s Special Situations Group and SES ESOP Strategies make us an ideal partner for distressed situations. Our professionals can guide you through recapitalizations/refinancings, financial restructuring and bridge loans, distressed M&A advisory and Section 363 sales, and Chapter 11 plans of reorganization and out-of-court settlements.
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