Debt Restructuring

Odyssey's Restructuring & Bankruptcy Advisory practice has a proven track record that includes pre-emptive recapitalizations, acquisitions, and sales of distressed companies or assets. We assist in debt and equity restructurings as well as offer a range of other advisory services which address the needs of a diverse client base across all industries. Odyssey strives to reach consensual deals that are in the best interests of our clients while recognizing the needs of all the constituencies involved. We have an established history of brokering transactions in situations with divisive inter-creditor and shareholder issues.

Preserving Value through Prompt Resolution

Our professionals execute transactions and reach agreements between constituents quickly, allowing our clients to return their focus to daily business activities. However, we are committed to not sacrificing our client's goals just to achieve a quick outcome. In contested situations, Odyssey takes pride in negotiating outcomes for our clients that best position them to achieve their financial goals, regardless of the length of the engagement.

Erosion of a company's enterprise value can have many causes. Loss of competitive market positioning is often a root of the problem, but the reason for this decline is frequently attributable to operational, structural, and financial deficiencies.

Value deterioration rarely occurs in a rapid fashion. It usually occurs in stages which, if not identified and corrected in a timely manner, will inevitably impair the owner's ability to achieve a return on investment.

Signs of enterprise value erosion include:

Declining revenues/operating profits
Earnings shortfalls
Lender pressures/covenant defaults
Impaired liquidity
Tightened credit terms/loss of customers; and Attrition of management talent

Bankruptcy

The fact that many companies are forced to reorganize through bankruptcy is an unfortunate business reality. While this process is difficult for all involved, the professionals at Odyssey are skilled at turning this experience into its legal intent, a fresh start. We are well acquainted with bankruptcy laws and we work closely with legal counsel to advise the best course of action. Within the framework of Chapter 11, Odyssey's services are intended to:

Stabilize operations, stop operating losses, and generate cash liquidity
Develop a restructuring plan that can build internal and external consensus
Negotiate with creditors, lenders, and others asserting legal and financial claims
Manage the procedures and reporting mandated by the court
Aid the client with disclosure statements, plan development, claims analysis, and executor contracts
Facilitate asset disposition when necessary
Assist in the pursuit of operating capital through DIP and exit financing
Drive a confirmable plan of reorganization

Odyssey also has deep expertise in the processes outside of formal bankruptcy procedure. For example, we have been engaged in debtor advisory, creditor committee advisory, and appointed as liquidating trustee.

Additional Services

Regardless of the service that Odyssey provides to an organization, there is one measure of our engagement: Our clients' success. Every step of the business relationship with Odyssey will be taken with your goals in mind and with your instructive input. Additional restructuring services we provide include:

Recapitalization & Cash Management
Litigation Support
Fraud Investigation & Forensics
Expert Witness Reports & Testimony
Transaction & Litigation Support