Back to Reports
Financial Strategy

Corporate Debt Restructuring Guide 2024

Strategic Approaches to Financial Distress and Balance Sheet Optimization

Strategic framework for corporate debt restructuring, examining out-of-court workouts, formal reorganization processes, creditor negotiations, and capital structure optimization techniques.

Published Apr 22, 2024
26 min read
2.8 MB
9 preview pages
Orient Blackstone Logo
Financial Strategy

Corporate Debt Restructuring Guide 2024

Strategic Approaches to Financial Distress and Balance Sheet Optimization

Apr 22, 2024

Executive Summary

Companies successfully restructuring debt achieve average interest expense reductions of 35-45%, extend maturity profiles by 3-5 years, and improve debt-to-EBITDA ratios from 6.5x to 3.2x on average.

Key Findings

1

Out-of-court workouts resolve 68% faster and 40% cheaper than formal bankruptcy proceedings

2

Early engagement with creditors increases restructuring success rates by 2.5x

3

Debt-for-equity swaps reduce cash interest burden while preserving enterprise value

4

Covenant amendments and maturity extensions buy critical time for operational turnarounds

Table of Contents

Executive SummaryPage 3
Financial Distress IndicatorsPage 8
Restructuring AlternativesPage 15
Out-of-Court WorkoutsPage 23
Chapter 11 ReorganizationPage 32
Creditor Negotiation TacticsPage 41
Post-Restructuring ManagementPage 50

Methodology

Analysis based on 150+ corporate restructurings totaling $45B in debt, interviews with 60+ restructuring advisors, and quantitative analysis of recovery rates, timelines, and cost structures.

Data Sources:

S&P LCD, Moody's Default Reports, Court Filings, Turnaround Management Association

About the Author

王(Y

王雅琪 (Wang Yaqi)

Risk Management Director

Expert in corporate finance with 10+ years of industry advisory experience.

Download Options

Topics Covered

Debt RestructuringFinancial DistressCreditor NegotiationsBalance Sheet Optimization

Report Details

Category:Financial Strategy
File Size:2.8 MB
Pages:~50 pages
Format:PDF

Need Custom Research?

Get tailored market analysis and strategic insights for your specific business needs.

Contact Our Team