Lampert Debt Advisors is pleased to announce the successful debt restructuring and recapitalization of a 100 year old, family-owned manufacturer and distributor of high quality building materials.
Since its peak in 2005, the building materials industry has significantly contracted in concert with declines in the residential and commercial construction markets. Although the sector has experienced a modest recovery in 2012 as evidenced by leading industry indices, industry activity remains far below historic levels, resulting in continuing pressure on building material suppliers.
The combination of weak demand and additional debt incurred to expand and modernize production facilities impaired the Company's solvency and constrained its ability to service its outstanding financial obligations.
Successfully negotiated debt restructuring agreements with Lenders to avoid Bankruptcy alternative
enhanced through a non-amortizing TLB
Avoided bankruptcy and maintained a treasured family legacy that positions the Company for growth unimpeded by its capital structure
management, employees and the communities in which it operates