Clad Metals Company

Company Background:

Candlewood Partner’s client was the largest producer of clad metals in North America, serving automotive, industrial controls, and telecommunications markets.

Services Provided:

Capital Structuring

Restructuring Advisory

Situation

The company’s senior lending group had become fatigued and needed to be taken out of the credit.

Transaction Overview

Candlewood Partners was engaged by the company to obtain replacement financing to acquire the loans held by its senior lender group at a discount (approx. $50 million of senior debt). Candlewood structured and negotiated an exchange offer with holders of the company’s junior debt at an 85% discount (approx. $30 million), along with sourcing an additional equity investment.

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Candlewood Partners, LLC

Established 2001

Cleveland Office: (216) 472-6660

600 Superior Ave. East, Suite 1800

Cleveland, OH 44114

New York Office: (212) 655-9310

477 Madison Avenue, Suite 600

New York, 10022

Securities offered through Candlewood Securities LLC, Member FINRA, Member SIPC and the affiliated broker-dealer of Candlewood Partners LLC. Broker Check

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