EMAGroup/Enterprise Management Advisors, LLC | Assisting Companies in Transition
EMAGroup advises companies in transition, focusing on Special Situations, Capital Solutions, Enterprise Performance and Insolvency options to create value-driven solutions.
Provider of rural telecommunications including terrestrial, cellular, and undersea cable.
Revenue
$150 million
Industry
Rural Telecommunications
Services Provided
Turnaround & Business Restructuring, Capital Sourcing
Situation
U.S. Government agency funded build-out of rural telecommunication operator for five island operations. Delays in build-out result in less than expected revenues and inability to service governmental loans of $120 million and bond debt of $180 million. Multiple budgets and projections were significantly inaccurate, and debtholders had lost confidence in management team provide accurate cash flow forecasts and timely/accurate period-to-period financial statements.
Accomplishments
Successfully worked through detailed restructuring process involving negotiations with departments of Agriculture and Justice to a reach a global settlement, allowing management runway to complete a refinancing/sale of the business.
Assisted with working capital management including 13-week rolling cash flow forecasts and development of detailed financial budget projections including buildup of historical financial and operational detail to support analytics needed for prospective capital sources.
Assisted managed with building out a detailed budget model and operating forecast to support sales growth and cost structure containment, supporting a 5-year strategic plan.
Sourced investor capital options for joint venture and completion of network buildout.