ABOUT THE COMPANY:
The Company is a consumer packaged goods company that produces snack blends. They primarily focus on nut-based snack blends for private brand sales.
SITUATION:
The Company experienced a facility fire in 2022 which resulted in some operational disruption and liquidity challenges going into 2023. G2 was engaged by Satori Capital in January 2023 to perform a Phase 1 assessment.
ENGAGEMENT:
G2 reviewed and assessed the assumptions in the Company's existing 13-week cash flow forecast and 2023 budget. Subsequently, G2 built a new 13-week cash flow model, a 3-statement model, and engaged in conversations with the Lenders on the liquidity and financial covenant outlook.
OUTCOME:
G2's assessment and new forecasting tools armed Satori with a more accurate, data-driven forecast with which to proceed in conversation with the Lenders to bridge through the Company's working capital build in early 2023 and pursue refinancing and / or exit opportunities later in 2023.
DEAL TEAM:
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