PTC Alliance Corporation is a manufacturer and marketer of welded and cold drawn mechanical steel tubing.
The company’s financial position had become distressed and they were facing a bankruptcy filing.
Candlewood was engaged to negotiate a DIP Loan and to conduct a Sec. 363 auction sale of the company to one the company’s senior lenders (and largest shareholder). In connection with the sale, Candlewood marketed the company to a global group of strategic and financial buyers, including the largest steel conglomerate in the world. Candlewood provided a valuation opinion in connection with the financing and sale, and performed extensive financial modeling and other valuation analysis.