Subject category:
Finance, Accounting and Control
Published by:
Harvard Business Publishing
Version: 15 June 1990
Length: 16 pages
Data source: Published sources
Abstract
Massey Ferguson began fiscal year 1981 in default on USD2.5 billion of outstanding debt. The company's future depends on the ability of lenders, the governments of Canada and Ontario, and management, to agree on a refinancing plan. The case reviews Massey's performance and position in the industry and raises questions about the company's ability to compete in the long run. Provides information on the firm's claimants in order to focus students on the issues of a refinancing.
Location:
Industries:
Size:
USD3 billion sales
Other setting(s):
1980-1981
About
Abstract
Massey Ferguson began fiscal year 1981 in default on USD2.5 billion of outstanding debt. The company's future depends on the ability of lenders, the governments of Canada and Ontario, and management, to agree on a refinancing plan. The case reviews Massey's performance and position in the industry and raises questions about the company's ability to compete in the long run. Provides information on the firm's claimants in order to focus students on the issues of a refinancing.
Settings
Location:
Industries:
Size:
USD3 billion sales
Other setting(s):
1980-1981