Preem creditors and owners made a deal with a 18-month extension of maturities and a smaller capital injection in 2009. Now, in 2010, the new maturity is approaching, and refinancing is again unlikely. This time is all the company debts due. What went wrong in the first restructuring and what to do PCP to facilitate a lasting solution?
Preem creditors and owners made a deal with a 18-month extension of maturities and a smaller capital injection in 2009. Now, in 2010, the new maturity is approaching, and refinancing is again unlikely. This time is all the company debts due. What went wrong in the first restructuring and what to do PCP to facilitate a lasting solution?
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Bo Becker
Source: Harvard Business School
7 pages.
Release Date: 22 August 2012. Prod #: 213014-PDF-ENG
Preem (B) HBR case solution
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