CASE STUDY

Alumina Products Manufacturer

Manufacturing

Alumina Products Manufacturer

Manufacturing

CTG was engaged by an alumina products manufacturer to assist in negotiations with its lenders.

Challenges
  • COVID-19 related declines in commodities prices led to significant liquidity challenges.
  • Strained relationship with secured lenders due to covenant defaults.
Solutions
  • Negotiated a deal between the parties whereby an immediate equity infusion was made along with waivers of all defaults and a covenant reset for the following year, allowing sufficient time for commodities pricing to return to pre-COVID-19 levels ensuring future profitability.

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