Deal Highlights:
- OCL faced stress situation due to COVID-19 resulting in order cancellations, inventory losses & delay in monetisation of noncore assets etc
- Comprehensive Debt Resolution involved correction in cashflow mismatch & Interim relief by securing interest moratorium and principal payments
- Correction of working capital facilities by carving irregularities into separate Term Loan, Funding of Interest, Additional Working Capital funding & Reduction in margin for Drawing Power calculation
Our Contribution:
- Ensured successful closure within tight timelines
- Bridging trust deficit between borrower and lenders to ensure banking operations continue during restructuring process
- Meticulous navigation through all non anticipated challenges during the execution
- Critical handholding and strategic approach for all procedural diligences by external agencies
- Fine balancing between the lenders and inter-se promoters group