Schafer and Weiner Saves Second-Generation Auto Supplier

May, 2018

Daniel J. Weiner and John Stockdale, Jr. successfully restructured a troubled auto supplier outside of bankruptcy.  This second-generation company suffered a maturity default, lacked sufficient working capital, faced a parade of collection suits from its suppliers and was being forced by its lender to sell its assets.  Schafer and Weiner identified and worked hand in hand with a seasoned financial advisor; negotiated multiple forbearance agreements; resolved multiple litigation; turned the case from a piecemeal liquidation to a successful reorganization; and negotiated and closed refinancing documents with a new lender (identified by the financial advisor) infusing the liquidity necessary to obtain new and profitable work.

Ownership kept the company, avoided bankruptcy and is now poised to grow the business and monetize its equity.