FTI Capital Advisors Partners with FGI Finance to Win the Refinancing of the Year Award
NEW YORK, April 15, 2009 – FTI Capital Advisors, LLC won the Refinancing of the Year Award at the 2009 Distressed Investing Conference and Turnaround Awards Gala on March 16, 2009.
FTI Capital Advisors won the award for structuring a deal to provide Overland Storage Inc. with a comprehensive working capital facility. The success of this refinancing was a direct result of a collaboration between FGI Finance (www.fgifinance.com) and Marquette Commercial Finance. FGI Finance will provide up to $5 million in financing secured by Overland’s foreign accounts receivable while Marquette’s domestic facility will provide the company with accelerated liquidity.
“Given that 40% of Overland’s revenues are generated outside the United States, FGI’s financing of the company’s foreign receivables represents the remaining piece of the two stage financing that began last fall and will enable OVRL to continue its turnaround,” said Kevin Shultz, Senior Managing Director of FTI Capital Advisors.
The M&A Advisors’ Turnaround Awards Gala recognizes excellence in deal-making in the distressed investing, restructuring and turnaround marketplace. There were 107 finalists in 26 categories were selected.
About FGI Finance
FGI Finance is a global commercial finance firm with clients in over 60 countries around the world. FGI helps middle market companies by providing them with various financial products, business loans and financial services to meet their financing needs. FGI Finance provides financing in over 15 foreign currencies and has a presence in 6 continents. www.fgifinance.com
About FTI Capital Advisors, LLC
FTI Capital Advisors, LLC is the wholly-owned investment banking subsidiary of FTI Consulting, Inc. and focuses on identifying and executing value-added transactions for its clients. FTICA leverages the FTI organization’s knowledge base and global reach to deliver expert investment banking services to public and private middle market companies. www.fticonsulting.com
About Marquette Commercial Finance
Marquette Commercial Finance is a leader in helping small and middle market businesses meet their working capital needs to drive growth, manage change or accelerate liquidity. With more than 45 years of experience in a broad array of industries, Marquette has provided over $10 billion of capital to help businesses succeed. www.marqcfi.com
About the M&A Advisor
Since 1998, The M&A Advisor has been connecting professionals in the mergers and acquisitions, distressed investing and related financial industries through its leading conferences and awards galas. www.maadvisor.com.