Financing the Turnaround

David E. Vance ()
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David E. Vance: School of Business Rutgers University

Chapter Chapter 13 in Corporate Restructuring, 2009, pp 197-211 from Springer

Abstract: Abstract A major challenge is finding the resources to keep a troubled company going while it is being restructured. When a company is doing well, everyone is willing to invest in, or lend to it. But when a company is in trouble, investors and lenders vanish. Yet there are a few who, under the right circumstances, will provide financing at a price. In this chapter we discuss banks, commercial credit companies, asset based lenders, PIPES and debtor in possession bankruptcy financing. Each of these funding sources is only available under very specific conditions, for limited periods of time, and at considerable cost. However, when a company is in trouble, these sources may be the only ones available.

Keywords: Cash Flow; Bank Loan; Account Receivable; Unsecured Creditor; Securitized Loan (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-642-01786-5_13

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DOI: 10.1007/978-3-642-01786-5_13

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