CLYDE CAPITAL PARTNERS

PropCo / OpCo - Debts

Client with mix of commercial property development and investment businesses in Dublin together with a long established wholesale trading Business.
We worked with the client for over 18 months on the following:
- Reviewed their commercial debt situation across a number of banks, assisted them with the development of their short / medium term business plan.
- Worked with them and their key Bankers on a consensual basis to agree the overall strategy for repayment of the debt.
- Provided regular updates to the Banks on performance against plan both financial and operational.
- Provided ongoing leadership and operational support to the debtor owners on day to day legal, banking and general management issues as they arise and in so far as they affected the delivery of the overall plan.
- Successful exit agreed.

Borrower seeking to refinance distress loan from a Fund.
We worked with the client for over 18 months on the following mix of Commercial office, Investment property, Pub & Residential portfolio.
Greater Dublin area.
Total rental income 2m.
Total value of portfolio 20m.
Loan sought 14m over 3/5 years on interest only basis.

Dublin area.
Mix of Hotel, Pubs and Residential investments.
Multiple banking products, multiple entities, multiple shareholders.
Total EBITDA/rental income in excess of 1.1m.
Total value greater than 12m.
Loan sought 9m over 3/5 years
Consensual restructure agreed on a 2 Phase basis.
Recapitalisation of the balance sheet.
Refinancing of the core trading businesses with more appropriate products and capital mix.
Resolution of the legacy issues.
Trading successfully with healthy balance sheets - corporate and personal.

Trading client with Multi-locational businesses and a significantly impaired balance sheet.
Large commercial exposure with an exiting bank.
Multiple banking products, multiple entities, multiple shareholders.
Solid core sustainable trading business.
Legacy debt and ownership structural issues to be solved.
Loan portfolio disposal the preferred route for the incumbent.
Consensual restructure agreed on a 2 Phase basis.
Recapitalisation of the balance sheet.
Refinancing of the core trading businesses with more appropriate products and capital mix.
Resolution of the legacy issues.
Trading successfully with healthy balance sheets - corporate and personal.

Engaged on behalf of an international banking/PE syndicate in carrying out debtor due diligence on sub-performing loan portfolio in excess 2bn.
To demonstrate the added value in dealing with those assets and loans through identifying localised detail and exit mechanisms.
By building a detailed profile on the asset, the loan and the borrower as well as the capital structure to properly assess the risk and the appropriate divestment/exit approach.
We have worked with individual members of the syndicate since completion on further bilateral transactions.