ABOUT THE COMPANY:
The Company is a chain of seafood restaurants mostly located in the Northeastern region of the United States.
The Company is a chain of profitable seafood restaurants that experienced a sharp decline in demand during the Covid pandemic. A potential transaction was on the table to sell the business to a strategic, but it would have resulted in the lenders taking a substantial haircut.
G2 was engaged by the second lien lender to evaluate the transaction and explore potential strategic alternatives.
G2 analyzed the financials and the waterfall from the transaction and successfully negotiated a better outcome for the second lien lender.