Restructuring Archives - Scura Partners

Financial Restructuring Advisor

Toisa is an industry leading OSV and deepsea tanker and bulk carrier operator
The plunge in offshore drilling activity resulted in a depression for offshore supply vessel (OSV’s) employment
The decline in revenue made it impossible for the company to meet scheduled debt payments necessitating a restructuring of $1 billion of secured bank debt (ongoing)

October 12, 2017

Toisa, Ltd.

Financial Restructuring Advisor Toisa is an industry leading OSV and deepsea tanker and bulk carrier operator The plunge in offshore drilling activity resulted in a depression for offshore supply vessel (OSV’s) employment The decline in revenue made it impossible for the company to meet scheduled debt payments necessitating a restructuring of $1 billion of secured bank debt (ongoing)

January 1, 2017

CD&L

Sale to Velocity Express CD&L (AMEX: CDV) is a leading customized full-service, time-critical ground delivery service. Scura Partners assisted CD&L in negotiations with Velocity Express (NASDAQ: VEXP) and rendered a fairness opinion. The Board of CD&L voted to approve the merger and an announcement was made July 5, 2006.