Refinery debt restructuring

• Business Dilemma:
  Israel’s leading refinery needed to restructure its debt profile due to reduced refining margins and a burdensome debt-repayment schedule brought on by heavy investments.

• Process:
  Our team reviewed the existing debt profile and client business plan to understand the key discrepancies between the two and adjusted the business plan where needed to match market expectations and assumptions. Based on the revised business plan, a new debt profile was structured to match the client’s repayment abilities and capital needs for continued operations. Our team assisted the client in presenting the new required debt structure to lenders and assisted management with negotiations to secure the required debt and credit facilities.
• Strategic Solution & Impact:
  New credit facilities were secured and existing debt was altered to best suit the client’s needs allowing it to continue normal operations.

For more information : Salco Kleerekoper, Salco.Kleerekoper@tasc-consulting.com