Company profile: One of leaders in steel castings, iron castings and forgings sectors in Poland. Reported tremendous losses on currency options in 2008, which coincided with the global economic crisis

Challenges:

• 50% drop in revenue and a net loss of PLN 133 million (caused by, among other things, currency options in 2008).
• More than PLN 150 million in overdue debt.
• Need for effective deep restructuring of individual Group companies.

Role of our members:

• Carrying out the Group's financial restructuring plan.
• Supporting operational restructuring.
• Raising funds for working capital.

RESTRUCTURING & REFINANCING:

• Successful restructuring enabled Gwarant Group to continue thriving as one of sector’s leaders.
• Reduction of Group’s debt by buying back bank debt with co-investors at a 40% discount - transaction value of PLN 104 million.
• Raising funds for working capital - since 2012, individual Group companies have raised more than PLN 180 million in bond financing.