Managing Director, New York
The situation: Global logistics provider weighed down by unsustainable debt
The approach: Negotiating a first-of-its-kind, cross-border financial restructure
The solution: A better funded debt and ABL arrangement
This case demonstrates the achievement of a ground-breaking financial restructuring that has not only secured the future of a global company, but legally paved the way for others.
By bringing intelligent, much-needed clarity to a complex cross-jurisdictional financial landscape, AlixPartners has helped transform an international group’s debt funding arrangements and generate the liquidity needed for a more secure, successful future.
"syncreon is thankful for the continued support of our many stakeholders, especially our customers and employees worldwide. Their support has been integral to the successful outcome of this process.”
—Brian Enright, Chief Executive Officer, syncreon
For their work on this case, AlixPartners was named TMA Transaction of the Year Winner (international company) by the Turnaround Management Association. Recognition is also given to Managing Director Tom Osmun and Director Todd Zoha, who led the AlixPartners team working with our clients at syncreon.