Broadway Advisors was retained as the financial advisor and investment banker to the debtor in its Chapter 11 bankruptcy proceeding.
Broadway personnel developed a comprehensive cash flow model designed to evaluate the profitability of each of its 82 retail units as well as analyze the various service offerings. In addition, Broadway worked with the Chief Restructuring Officer to analyze debt restructuring options on the company’s $82M in secured debt.
Broadway Advisors also served as the company’s investment banker whereby we prepared the company’s private placement memorandum, marketed the company’s assets to hundreds of strategic buyers and distressed investors, generating numerous offers for the company’s assets which were ultimately sold under Section 363 of the bankruptcy code.