This scenario presents a pragmatic situation where a firm in financial crises attempts out-of-court financial restructuring through a debt swap.
Pinewood Mobile Homes is mainly involved in development of different types of homes, apartments and duplexes. The organization has lost the capability to compete efficiently in the market place because it got into huge amount of borrowing prior to the housing market crash. Pinewood Mobile Homes must receive approval form senior lenders, junior creditors, and investors for an all-inclusive restructuring strategy so as to prevent filling for Chapter 11 bankruptcy. This case is composed for use in elective MBA courses in corporate restructuring or in advanced corporate finance. Additionally, it may be used in upper level undergraduate finance classes that cover corporate valuation and financial restructuring.
Pinewood Mobile Homes, Inc. case study solution
PUBLICATION DATE: March 04, 2015 PRODUCT #: 915547-PDF-ENG
This is just an excerpt. This case is about FINANCE & ACCOUNTING
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