Transaction Summary

StarTrans
Transportation

Capital Solutions was engaged by the owners of a leading $60 million revenue dry bulk (cement, ash, lime, grain) hauler, Star Trans Inc., in the Southeast. ┬áCapital Solutions developed a plan for the company to significantly downsize its fleet to the level of current economic demand and return excess equipment to the secured lenders in exchange for a discounted claim. Capital Solutions successfully negotiated a forbearance with the secured lenders that allowed time to find a buyer and file a “363” plan as part of its bankruptcy filing.

Transaction Details

  • ClientStarTrans
  • Amount $60,000,000
  • DateNov 2009
  • TypeRestructuring
  • OwnerN/A
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