North Alabama Fabricating Company (“NAFCO”)

$6,500,000 | Senior Loan, Equipment Loan, Mortgage Note, Working Capital Loan, and Subordinate Note

Summary

North Alabama Fabricating Company retained PW&Co as its financial advisor in connection with a restructuring of the company’s indebtedness. NAFCO had a non-recurring loss relating to commodity price fluctuations and its senior creditor was unwilling to renew its credit facilities.

PW&Co Role

PW&Co examined NAFCO’s business and its underlying credit in detail, built weekly forecast financial statements, and helped the company present its business prospects to a new group of lenders. To facilitate the restructuring, PW&Co managed the process of raising new capital from several sources to pay off existing creditors and provide the company with sufficient working capital to grow its business. NAFCO’s sales more than doubled in the year after it restructured its debt and its balance sheet and credit standing were restored and enhanced.