Serving as CRO through a complex chapter 11 reorganization

Key metrics:

Reduced debt by $200M
Raised new capital of $50M

Value levers pulled:

CRO/ Restructuring advisory
Liquidity management
Bankruptcy services
Performance improvement
Supply chain optimization

Picture this...

You’re an iconic firearms manufacturer serving government and commercial markets with $220M in revenue, $125M in senior secured debt, and $260M in senior notes. But you’re in trouble; you’re facing declining sales, a high fixed cost structure, declining EBITDA, operational and liquidity issues, and an inability to fund interest payments to bond holders. You need help.

You turn to Accordion.

We step into the role of CRO to help you turn things around through a chapter 11 reorganization. Specifically, we:

Implement lean manufacturing that reduces cycle times by 55%.
Optimize your supply chain, decreasing inventory investment by $2M while increasing new vendor partnerships and increasing fill rates by 350 bps.
Assist with government contracts and manage export/import work with all requirements and approvals.
Help execute a long-term lease for your facility and enter a Memorandum of Understanding with the targeted party.
Support your executive team with cash management, bankruptcy preparation, reporting, and the development of a five-year projection and turnaround business plan.
Engage in a complex negotiation of a consensual plan of reorganization that allows you to emerge successfully from bankruptcy.
Lead your engineering, manufacturing, procurement, and supply chain through a successful turnaround of operations.

Your value is enhanced.

You successfully restructure your business in 10 months—improving operations, increasing efficiencies, and implementing a successful Plan of Reorganization that reduces debt by $200M and raises new capital of $50M.

Enhanced value:

You reap multiple benefits, including:

Reduced debt by $200M
Raised new capital of $50M