Restructuring Advisory

Imperial Capital's Restructuring Advisory Group provides creative results oriented capital markets and financial solutions to companies, creditors, financial institutions, institutional investors and funds, special committees, government entities and acquirers on a variety of engagements types. Our team has advised on hundreds of complex distressed situations and we dedicate industry specific, senior level resources to each client matter. Our client matters include:

  • Loan amendment and waiver negotiations
  • Loan buybacks and bond tender offers
  • Exchange offers
  • Recapitalizations
  • In-court reorganizations
  • Distressed mergers and acquisitions, in or out of court
  • Expert witness testimony
  • Valuations

Imperial's banking team is integrated with the firm's Institutional Sales & Trading Group which provides our clients with daily insight into the capital markets. Imperial specializes in distressed debt trading and debt buybacks, including using acquired debt as currency for an acquisition of a company. In addition, Imperial Capital also supports the trading of securities issued by companies undergoing restructuring or reorganization (both pre and post-restructuring transactions), providing liquidity for otherwise illiquid securities.

Imperial Capital's financing capabilities complement our restructuring and recapitalization business given our ability to raise funds across the capital structure:

  • Senior secured debt
  • Debtor-in-possession financing
  • High yield
  • Hybrid / equity securities
  • Preferred equity
  • Common equity

For further information on Imperial Capital's restructuring capabilities, please contact:

Marc Bilbao

Managing Director
Co-Head of Restructuring Group
Investment Banking Group
(310) 246-3795
mbilbao@imperialcapital.com

Marc Bilbao serves as Co-Head of the Restructuring Group and Managing Director in the Los Angeles office of Imperial Capital. Prior to joining Imperial Capital, Mr. Bilbao was a Managing Director in the Los Angeles office of Giuliani Capital Advisors and was a member of Giuliani Capital’s Board of Managers and its Commitment Committee. Mr. Bilbao focused on representing companies, senior lenders and creditors in all phases of workouts and restructuring transactions including the development of turnaround business strategies, debt and equity restructurings, and M&A transactions. Prior to joining Giuliani Capital, Mr. Bilbao served as Executive Director in the Debt Restructuring and Workout Group of CIBC World Markets in New York. While in that capacity he played an integral role in the assessment, valuation and management of various distressed assets. Mr. Bilbao has had significant experience in various out-of-court related restructurings including: M&A transactions, debt restructurings, debt for equity swaps, and partnership negotiations. Preceding Mr. Bilbao's involvement in distressed and troubled situations, he held various positions in Leverage Finance Departments of both domestic and foreign banks. Mr. Bilbao received his B.S. in Business Administration from Seattle University and is a Chartered Financial Analyst. He is a member of the New York and Los Angeles Societies of Security Analysts, the Turnaround Management Association, and the American Bankruptcy Institute, and is a frequent speaker and panelist on turnaround issues.

Robert Warshauer

Managing Director
Co-Head of Restructuring Group
Investment Banking Group
(212) 351-9719
rwarshauer@imperialcapital.com

Robert Warshauer is Managing Director, Co-Head of Imperial Capital’s Restructuring Advisory Practice, and Manager of the firm’s New York Investment Banking Group. Prior to joining Imperial Capital, Mr. Warshauer was a Managing Director at Kroll Zolfo Cooper, where he primarily focused on the firm’s restructuring practice. Previously, Mr. Warshauer was a Managing Director and member of the Board of Directors of Giuliani Capital Advisors LLC, and its predecessor firm, Ernst & Young Corporate Finance LLC, where he specialized in corporate restructuring and mergers and acquisitions. As part of his banking and restructuring experience, Mr. Warshauer has served as CEO and President of an international business services and manufacturing company responsible for over 2,500 employees in 16 countries and was President and a member of the Board of Directors of a publicly traded technology company that specialized in the development and manufacture of technologically advanced, energy efficient, LED lighting products. Mr. Warshauer received his M.B.A. from New York University and his B.S.B.A. from Bucknell University. Mr. Warshauer is a former member of the Board of Directors of the American Bankruptcy Institute.