ABOUT THE COMPANY:
Husky designs and deploys system integration, digital signage, telepresence, and distance learning solutions for the unified communications and professional audio end-markets. The Company assists its customers in addressing complex business and digital transformation challenges through the lens of communications capabilities.
SITUATION:
After suffering a severe downturn in operational performance, the Company was faced with a constrained liquidity profile – in terms of cash and revolver availability – and was at risk of facing substantial interruptions to its day-to-day operations.
ENGAGEMENT:
G2 was engaged by the Company to conduct an operational assessment of the business – including a careful review of its discrete business units, profitability, and cash flow. In addition, G2 evaluated management’s turnaround plan and provided a number of additional strategic alternative considerations.
OUTCOME:
G2 served as Chief Restructuring Officer to develop and implement an operational restructuring plan. In addition, G2 led negotiations with the senior lender to reach a capital solution that provided the cash necessary to preserve liquidity throughout the operational restructuring phase. The adoption of operational initiatives allowed the Company to improve cash management and reduce its overall costs – leading to a period of business stability.
DEAL TEAM:
TAGS:
Exclusive Restructuring Advisor
Technology & Business Services
Financial Restructuring
Operational Revitalization
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Exclusive Restructuring Advisor
G2 was engaged as Chief Restructuring Officer (“CRO”). Through the CRO, G2 developed and executed liquidity management tactics for the Company and its stakeholders.
Exclusive Restructuring Advisor
G2 was engaged to facilitate negotiations for more favorable payment terms with key vendors, aiming to optimize cash flow management.
Exclusive Restructuring Advisor
G2 was engaged to perform a Phase 1 strategic alternatives assessment.
Exclusive Restructuring Advisor
The Company engaged G2 as its Chief Restructuring Officer. Through the CRO, G2 developed and executed liquidity management tactics for the Company and its stakeholders.
Exclusive Restructuring Advisor
G2 conducted a rapid Phase 1 Assessment and developed a report that included an assessment of the business, operations, and financial condition of the Company, short-term liquidity, near-term capital requirements, and strategic alternatives.
Exclusive Restructuring Advisor
The Company engaged G2 to assist in building the long-term financial model, a 13-week cash flow forecast, facilitate negotiations between the Company, the sponsor, and the lender group.
Exclusive Restructuring Advisor
G2 was engaged to complete a Phase 1 assessment of the Company’s financial forecasts and its ability to return to pre-COVID levels of financial performance.
Exclusive Restructuring Advisor
G2 conducted a Phase I Assessment focused on liquidity and cash flow management assessment, business and operational strategy review, refinancing options, and strategic alternatives.
Exclusive Restructuring Advisor
G2 worked alongside creditors and management to develop a Phase 1 Assessment. G2 advised the lenders with respect to the financial position of the Company.
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