Lazard's middle market restructuring group draws on the deep experience of the entire firm; over the past decade, Lazard has advised on over 500 restructurings worldwide with total restructured liabilities exceeding $1 trillion. We team with industry and capital markets experts to provide a broad range of advice in restructurings and special situations.
Top Ranked Restructuring Group
Areas of Expertise
Our first step is evaluating financial condition, including liquidity position, capital structure, inter-creditor issues and potential for asset sales. We then review cash flow forecast and determine enterprise value, debt capacity and appropriate capital structure.
Building on a leading track record in complex restructuring assignments, we successfully craft creative alternatives. We work to evaluate out-of-court versus Chapter 11 solutions, as well as investors, creditors and rating agency reactions to potential solutions.
When it comes time to move forward, we guide our clients on tactics and strategies for negotiating with stakeholders, including lenders, vendors and potentially new investors. Our services include negotiating DIP and/or exit financing, structuring plans of reorganization and executing distressed M&A transactions such as Section 363 sales.
Chapter 11 restructuring for Modular Space
Out-of-court restructuring & capital raise for Sidewinder Drilling
Chapter 11 restructuring for Horsehead Holding Corporation
Out-of-court exchange & capital raise for Nuverra Environmental Solutions
Debt restructuring for Millennium Health
Out-of-Court Restructuring & Refinancing for Liberty Tire Recycling