Baird can assist companies seeking to refinance senior debt, place junior capital with alternative capital providers, restructure existing debt or deleverage balance sheets through debt for equity exchange offers.

Baird provides sell-side advisory services for businesses that are not viable on a stand-alone basis. We also provide buy-side advisory for acquisitions of insolvent targets.

Our professionals provide clients with strategic guidance on identifying alternative sources of capital.

Baird can market a business as a going concern where stakeholders have concluded that the business, expected sale value or available capital is insufficient or unavailable. We are also able to assist in signing up stalking horse buyer(s) for assets and conducting auctions to attain the highest price for a business.

Baird can assist with a variety of bankruptcy reorganization scenarios, including pre-packaged, pre-negotiated and stand-alone plans of reorganization. Our team can also arrange DIP financing, formulate a stand-alone plan of reorganization, arrange exit financing and provide a financial back stop for equity rights offerings.

Our team has the resources and situational expertise to establish estimated enterprise values for businesses.

Our creditor representation capabilities include the disposition of fixed income instruments to alternative capital providers, analyzing business viability on a stand-alone basis, establishing the estimated enterprise value of a business and evaluating pro-forma recoveries under various reorganization alternatives.

Baird can help clients structure transactions to avoid fraudulent conveyances. Our team also provides fairness and solvency opinions in various contexts, including tax-free spin-offs of subsidiaries.