Oilfield Services Company
Company:Equipment Rental and Oilfield-Services Company
An equipment rental and oilfield-services company supported the production, completion, well control, snubbing, well stimulation, and drilling markets. The Company’s operations had been impacted by market conditions.
Focus was engaged to review the Company's proposed Debt Restructuring plan and perform a situation analysis.
- Prepared 13-week cash flow forecast
- Initiated the preparation of critical vendor analysis focusing on the impact to cash flow budgets, lien rights, and potential impacts to customer service levels and business value
- Evaluated strategic options available to Lender regarding recovery
With the information that Focus provided, the Company followed advice and implemented a successful debt restructuring plan with its equity sponsor.