Introduction:
The Alastar team has over 100 years of credit, structuring and investing experience across multiple cycles and asset classes. Backgrounds include Goldman Sachs, Davis Polk, Houlihan Lokey, Alvarez & Marsal and J.P. Morgan.
We have a strong track record of creating innovative capital solutions in complex situations both for companies and investors.
We have played key roles as investors or advisors in numerous special situations, from some of the largest in history to the lower middle market.
Our Services Include:
We work with management, equity owners and other stakeholders to analyze financial and operating functions to help achieve strategic objectives:
Expertise includes support services for CFOs and risk managers, advising on performance improvement, M&A, or other growth or dislocation.
We have risk managed over $25 billion in assets and have helped businesses across numerous industries.
Financial Advisory
We help clients create solutions for complex financing challenges, including by investing our own capital:
We have created hundreds of financing solutions to solve for a wide range of financing needs.
Track record includes creating landmark solutions for clients without access to regular way capital markets.
Capital Solutions
We help clients achieve winning outcomes in distressed and special situations, including by:
Analyzing business, capital structure and process challenges and developing the right strategies.
Working with other constituencies to optimize outcomes for our stakeholders.
Restructuring Advisory
Representative Experience
Created and invested in $6.8B rescue financing backed by United’s loyalty miles credit card program to overcome Covid driven revenue decline; structured similar deals for AAL and DAL.
2020-2021
Structured and invested in $1.7B LC Facility guaranteed by Softbank to facilitate landlord negotiations. The LC Facility recovered par plus accrued through WeWork’s Chapter 11.
2019-2021
Structured and invested in numerous exit financings including first lien loan to toll road operator and first lien loan and hedge facility to combined cycle power plant to finance exit from Chapter 11.
2015-2021
Structured and invested in $1B first lien bond secured by all assets for refiner to help overcome Covid driven EBITDA decline of 90%.
2020
Risk managed loan, hedging and preferred stock facility to finance purchase and restructuring of single asset specialty commodity recycler which was repaid par plus accrued.
2017-2020
Managed and negotiated amendments and repayment of full principal, interest and make whole on $3B funding facility with recourse to assets in bankruptcy remote SPVs.
2015-2017
Restructured NAV based financing backed by movie library following borrower default on delivery obligations.
2011-2012
Invested in bonds guaranteed by operating companies and negotiated first of its kind “toggle plan” with bonds backstopping $1.25B equity rights offering to fund exit from Chapter 11.
2011
Represented Morgan Stanley private equity in restructuring of an investment in a technology
company.
2004
Structured and invested in loan to growing technology company and played key role in restructuring financial and operating functions driving 3x revenue growth.
2023-2024
Advised 25+ private and public middle market companies on improvement initiatives including identification of ~$100m of EBITDA opportunities for regional physician practice group.
2016-2024
PERFORMANCE
IMPROVEMENT
PRIVATE TECHNOLOGY
COMPANY
Structured and invested in numerous debtor in possession (DIP) loans, including bespoke $110mm DIP for SunEdison secured by stock and cash flows from Yieldco.
2015-2021
Structured numerous liquidity solutions for investors including NAV facilities, bridge financings and other structures backed by private credit, aircraft, securitized products and other assets.
2015-2021
LIQUIDITY
SOLUTIONS
Created and invested in $7B first of its kind financing program for Sprint’s spectrum assets; structure achieved IG ratings and restored Sprint’s access to regular way capital markets.
2015-2020
Created and funded first of its kind $50mm liquidity facility for investor secured by debt and cash collateral segregated in a bankruptcy remote SPV.
2018-2020
Invested in $5B+ bonds and claims and managed Goldman’s $3B prepetition claims; started/led $20B Opco creditor group and played key role in negotiating global settlement.
2008-2016
Played key role in managing Goldman’s $950mm pre-petition claims, including buy/sell/hold analysis and negotiating and structuring bespoke sale to secondary market buyer.
2014-2016
Advised Spanish train manufacturer and restructured cash burning US subsidiary to facilitate parent sale.
2005
Invested in bonds of specialty chemicals company; negotiated plan including backstopping $250mm rights offering to fund exit from Chapter 11.
2006-2007
Represented secured lenders in Chapter 11 process and recovery from various assets owned by Refco.
2005
Represented Airline in Chapter 11, including restructuring its airport lease obligations.
2005
