Financial Restructuring Advisory | Avaxa Independent Advisors

SOLUTION DRIVEN ADVICE FOR COMPLEX LIQUIDITY AND BALANCE SHEET ISSUES

Avaxa provides independent financial restructuring advice in complex turnaround and distressed situation to companies, (groups of) creditors, shareholders, and other financial stakeholders. We specialize in providing critical and unbiased advice to clients in financial distress and turnaround situations on liquidity and/or balance sheet issues. In these challenging situations, we focus on finding solutions.

In complex turnaround and distressed situations, there is no common blueprint and a successful financial restructuring is always tailor-made. It is key to stay in control. Avaxa assists you with developing and executing comprehensive financial restructuring and recovery solutions to amend your capital structure and represents the interests of shareholders, Executive Boards and Supervisory Boards. We can act as a buffer between you and your lenders. Avaxa also serves as financial adviser to (groups of) creditors, initiating, structuring and negotiating restructuring transactions on behalf of (groups of) creditors.

Our seasoned financial restructuring professionals have a strong track record of developing and implementing innovative solutions that forge consensus among diverse stakeholders, maximize value and minimize execution risk. Our professionals combine extensive knowledge of restructuring strategies with credit analysis and liability management skills and negotiation experience in distressed situations.

WHY AVAXA FINANCIAL RESTRUCTURING

Avaxa focusses on finding solutions

Our extensive experience, including the previous crises, and backgrounds in financial restructuring make that we speak the language of restructuring lenders

Avaxa acts as a buffer between your company / shareholder(s) and the lenders and other creditors

Avaxa provides seasoned and hands-on support, with a no nonsense and ‘can do’-mentality

FINANCIAL ANALYSIS IN DISTRESSED & TURNAROUND SITUATION

Compose a cash flow forecast including scenario analysis and stress testing to substantiate (additional) financing need and determine covenant breaches
Development / review of adequate financial and operational restructuring measures and cash conservation efforts (including financial modeling)
Review your financing documentation and determine your financial and legal position
Identify appropriate debt restructuring options in terms of value for all different stakeholders
Designing robust target capital structures and prepare a plan B
Business and collateral valuation in both going-concern and liquidation scenarios

STAKEHOLDER MANAGEMENT

Advise on what is minimally required to keep lenders on board and how to approach lenders and other stakeholders
Active stakeholder management between Executive and Supervisory Boards, shareholders, lenders and creditors through frequent communication
Lender negotiations, ensuring balance in negotiations
Creditor Representation: coordinating with all stakeholders involved to preserve value

FINANCING SOLUTIONS

Covenant modifications (covenant waivers, holidays and reset negotiations)
Maturity extensions (facility extensions and amendments including amended repayment profile)
Raising new debt and/or bridge financing to fund liquidity gap and/or highly leveraged situations, including through government supported GO-C Facility
Restructuring existing debt (incl. debt capacity analysis, debt reduction, debt buybacks and debt-to-equity swaps)
Developing, negotiating and executing restructurings, including restructurings according to the recently approved ‘Wet Homologatie Onderhands Akkoord’ (‘WHOA’)