Financial Services: Service Provider
The Client:
An electronics company that designs, develops, installs, manufactures and markets electronic hardware and application software products for telecommunications through a number of subsidiaries and conducts operations in Canada, Mexico, and the United Kingdom.
The Problem:
The Company had financially stalled, waiting a series of government contacts to be approved, sales slowing, several products under development and bank covenants threatened.
The Need:
Formulate the company restructuring activities into an official Financial Plan and r enegotiate the Asset Based Loan agreement to assure that terms and condition provide the necessary working capital.