Established in 2002, Triboro is a bicoastal boutique financial advisory firm specializing in the restructuring and placement of senior and junior secured credit facilities.
Funding sources for Triboro's debt placements include regional and national asset based lenders and banks, private and public leverage funds and high yield investment banks that Triboro's management has dealt with in the past. For transactions involving intercreditor issues, Triboro deals with funding sources that have the experience and capacity to execute complex loan documents.
Business entities that retain Triboro for its debt restructuring and placement skills are predominately middle market companies seeking to enhance their operating results and/or reduce financial risks. Our clients can frequently be characterized, but not always, as having one or more of the following attributes:
- Annual revenues in excess of $100 million
- Revenue potential hindered by liquidity restraints
- Seasonal businesses that require periodic adjustments in credit availability to support predictable changes in cash flow and working capital requirements
- Operational restructurings in need of bridge or permanent refinancing
- Restrictive debt covenants that need to be amended or replaced
- Accounts receivable, inventory and fixed assets acceptable to senior and junior secured lenders
- Cash flow and loan to value erosion that reduces covenant headroom and increases the risk of non-compliance
- Under funded business/expansion plans
- Intangibles or enterprise values satisfactory to senior and junior secured lenders
- Sufficient critical mass to support reorganization financing
