Subject category:
Finance, Accounting and Control
Published by:
Darden Business Publishing
Version: 11 February 2014
Revision date: 15-Apr-2014
Length: 18 pages
Data source: Field research
Notes: UVA-S-F-1013TN
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https://casecent.re/p/625
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Abstract
In December 1990, a banker reassesses a borrower that, at the time of its leveraged buyout eighteen months earlier, seemed to have such a promising future. Now the borrower is in severe financial distress. The tasks for the student are to evaluate competing proposals for restructuring the firm and to recommend a course of action for the bank. This is the second part of a two-case sequence. Students should not be exposed to the B case until they have finished discussing the A case. A 'stand-alone' version of this case is available as 'Caledonian Newspapers Ltd (Abridged)'.
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Abstract
In December 1990, a banker reassesses a borrower that, at the time of its leveraged buyout eighteen months earlier, seemed to have such a promising future. Now the borrower is in severe financial distress. The tasks for the student are to evaluate competing proposals for restructuring the firm and to recommend a course of action for the bank. This is the second part of a two-case sequence. Students should not be exposed to the B case until they have finished discussing the A case. A 'stand-alone' version of this case is available as 'Caledonian Newspapers Ltd (Abridged)'.