Case Study – Note Holder Debt Restructure

The principals of Turning Point represented a class of Note Holders of a large Midwest lumber company that were in the process of renegotiating with their senior lenders. Through the process of meeting with the 160 plus Note Holders, conducting information meetings with Company management, and reviewing and assessing the Company’s turnaround Plan, we were able to achieve a 98% approval by the Note Holders. They accepted the new terms and conditions recovering a majority of their investment as well as allowing the Company to restructure out of court and continue to operate in a difficult economic environment.