CRS Capstone Partners Advises a Toll Road Service Company Through Chapter 11 Bankruptcy

Case Study

Industry: Infrastructure

Challenge: Required payments to Secured Lenders and Interest-Rate Swap Counterparties exceeded the cash-generating ability of the Concessionaire operating the toll road.

Solution:  Advised Senior Creditors through a non-consensual takeover of the Concession Agreement via a Chapter 11 Bankruptcy proceeding.

Results: The Concession Agreement was acquired by a third party in bankruptcy, resulting in a 95% recovery on secured claim.