Reorg EMEA Webinar: BVI’s Overlevered Structure, Eroding Liquidity, Maturity Runway Require Support
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Reorg will host another episode of our deep-dive webinar series on Jan. 10, 2024. BVI Medical, a U.S.-headquartered manufacturer of eye surgery products, is struggling with an overlevered balance sheet and persistent cashburn, which has caused its liquidity to dwindle, while its maturities are edging closer. As a result, the group looks likely to need additional support from sponsor TPG Capital to fortify liquidity and create a sustainable capital structure.
Join our team of experts for a deep dive into the causes of BVI’s underperformance, how the sponsor might deal with the group’s capital structure and what the potential outcomes are for lenders.
Panelists:
- Robert Schach, deputy managing editor, EMEA Credit
- Chetna Mistry, senior legal director
- Wayne Jambawo, credit analyst
You can find recent analysis on BVI HERE.
Attendees can submit questions during the webinar or email them in advance HERE.
Webinar details:
When: Wednesday, Jan. 19, at 3 p.m. GMT/10 a.m. ET
Registration: To register for the webinar, click HERE.
If you would like to be panelist on any upcoming webinars, please contact marketing@reorg.com, and if you would like to be notified for the upcoming webinars, sign up for Reorg on the Record.
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