June 2017

Engineering Services Firm Resolves Liquidity Crisis Through Out-of-Court Restructuring

United States - Colorado

Faegre Baker Daniels represented an industry-leading provider of engineering services with more than $240 million in secured and unsecured debt and over 1,800 employees. The company faced a liquidity crisis that paralyzed its operations and access to bonding facilities and resulted in defaults under the company’s debt documents, forcing it to prepare for a bankruptcy filing as a contingency while negotiating the terms of an out-of-court deal.

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