PT  - JOURNAL ARTICLE
AU  - Warren H. Feder
TI  - Keeping the Doors Open
DP  - 2003 Mar 20
TA  - Turnaround Management
PG  - 91--95
VI  - 2003
IP  - 1
4099  - http://guides.pm-research.com/content/2003/1/91.short
4100  - http://guides.pm-research.com/content/2003/1/91.full
AB  - For investment bankers working in the restructuring and turnaround arena, innovation is a key tool. Each deal calls for creative ways to get the job done. This article looks at some of the alternatives to traditional financing when closing a deal is not an easy thing to do. It covers the state of the “traditional” financing market in late 2002 and early 2003, explores the role of mezzanine debt as an available alternative for troubled middle-market companies, and offers a few examples of financing that illustrate the creative solutions investment bankers have actually employed to obtain the needed financing to keep their clients alive.