WORKOUT AND RESTRUCTURING SERVICES

LORICO provides loan workout, lease workout and business restructuring services to borrowers and lenders, landlords and tenants, and distressed businesses. For businesses in transition, LORICO has handled a wide variety of negotiated arrangements to resolve or ameliorate the effects of defaults or pending defaults.

LORICO helps to achieve solutions for workouts and restructuring which may involve a renegotiation or replacement, a request for consents or waivers, a forbearance agreement, a standstill and tolling agreement, a deed in lieu of foreclosure, an asset sale, a lease assignment or amendment, a partnership amendment, corporate restructuring, public or private debt restructuring, or an asset or business sale.

LORICO possesses an appropriate mix of industry knowledge and specific experience in real estate, commercial paper transactions, banking and finance, UCC issues, leasing, foreclosures business law or bankruptcy, and other specialized practices to assist LORICO’s clients with the unique challenges and opportunities presented by each workout situation.