We have extensive experience in arranging debtor in posession (DIP) financing for companies operating while in bankruptcy.
Call us toll-free at 1-800-595-1474
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DEBTOR IN POSSESSION (DIP) FINANCING

Ocean Pacific Capital has been in the commercial real estate finance business since 1977. We have extensive experience in arranging the best debtor in posession (DIP) financing for companies operating while in bankruptcy.

DIP financing is unique from other financing methods in that it usually has priority over existing debt, equity and other claims. DIP financing is considered attractive because it is done only under order of the Bankruptcy Court, which is empowered by the Bankruptcy Code. Debtor-in-Possession financing can also provide corporate bankruptcy financing to engage in a prepackaged business bankruptcy where the asset based lender providing DIP financing supplies the funds to work out a settlement with creditors up front, in order to walk into corporate bankruptcy court with this prepacked settlement.

Asset based lending sources provide Debtor-In-Possession financing following the filing of either a voluntary or involuntary corporate bankruptcy proceeding utilizes the same fundamental asset valuation approach to provide the loan as it would utilize for a company not in business bankruptcy.

The availability of DIP financing may depend on the perceived viability of the company during the proceeding and on its ability to successfully complete a Plan of Reorganization (POR). The Plan of Reorganization must specify how the debtor intends to pay the creditors and Debtor-in-Possession financing is a means toward that end.

Potential Applications:

- Bankruptcy Financing: Voluntary or Involuntary Bankruptcy

- Plan of Reorganization

- Restructuring

- Turnaround Financing

DIP loans are often collateral-driven and the inability to monitor cash closely can create exposure quickly. Asset-based lending sources have the best capability to monitor that collateral. This monitoring capability gives turnaround consultants real-time collateral and financial information.

The asset-based lending community is also the best at valuing assets. It is well versed in the ins and outs of the bankruptcy process and it offers the financially troubled company a friendly environment for restructuring. Simply put, when a company goes into a DIP, asset-based lending sources have the credentials necessary to get the deal done. The best way to improve the chances of a successful exit from bankruptcy is to have an asset-based lender in place at the earliest sign of financial stress.

It is a good business practice to establish a relationship with an asset- based lender well before a company reaches a point where its cash flow and capital structure have become unpredictable. If or when a company then faces distress, the existing asset-based lender will be the best ally.

If you need the best DIP financing, call our Commercial Loan Department at 1-800-595-1474 today for a free consultation. We pride ourselves in personalized customer care so a friendly and experienced loan officer specializing in DIP financing will be at your side throughout every step of the process.


Whatever your financing needs,
we will tailor a loan that's right for you.

Commercial Construction Financing
 
 


Daily Oil & Gas and Wall Street Journal News
11/22/19

US Drops Three Oil Rigs
Posted on Thursday November 21, 2019

U.S. drillers dropped three oil rigs this week, while the gas rig count remained flat, according to data from Baker Hughes Company.

US Frac Sand Supplier Cuts 10% of Workforce
Posted on Thursday November 21, 2019

Frac sand supplier U.S. Silica Holdings, Inc. has cut 230 employees as it grapples with the current challenges in its energy markets.

US Gulf Set for Record 2020 With Oil Production
Posted on Thursday November 21, 2019

The U.S. Gulf of Mexico is positioned for another year of record oil production in 2020, according to Rystad Energy.

$620MM Texas Petchems Project Gets Green Light
Posted on Thursday November 21, 2019

Pictured is a rendering of the alkylate facility Clough is building in Pasadena, Texas. IMAGE SOURCE: Clough

Lack of Credit Is Latest Blow to Shale Industry
Posted on Thursday November 21, 2019

Banks have begun trimming back the credit lines of America's shale producers.

Akastor Appoints New CFO
Posted on Thursday November 21, 2019

Oil services investment company Akastor has appointed Oyvind Paaske as its new chief financial officer.

Labour Pledges Windfall Tax on Oil Companies
Posted on Thursday November 21, 2019

The UK Labour party has pledged a 'windfall tax' on oil companies in its latest manifesto.

Oil Down as Investors Monitor Trade Outlook
Posted on Thursday November 21, 2019

Oil pared its third weekly advance as investors monitor developments in the U.S.-China trade war that has sapped demand.

Oil Prices Surge on Bullish OPEC+ Expectations
Posted on Wednesday November 20, 2019

WTI and Brent crude oil futures showed significant upward momentum Thursday.

NuStar Introduces Open Season for Permian Pipeline Expansion
Posted on Wednesday November 20, 2019

NuStar Energy L.P. has kicked off its binding open season for expansion of its Midland Trunkline within its Permian crude system.

Wall Street Journal
Commercial News

11/22/19

WSJ.com: US Business

Tesla Unveiled a Bulletproof Pickup. Then the Window Broke.
Elon Musk embraced unorthodox design choices with Tesla?s all-electric pickup to wow truck buyers and help differentiate it. But the features he is promising could dent the commercial prospects of the vehicle Mr. Musk has dubbed Cybertruck.

Tech Companies Step Up Fight Against 'Deepfakes'
Big tech companies including Facebook, Twitter and Google have benefited from enabling users to easily share pictures or videos, but they are now working to stem the spread of maliciously doctored content ahead of next year?s presidential election.

Smucker Lowers Sales Outlook
J.M. Smucker Co. said sales in its pet business are dragging, a fresh sign of trouble in a unit the food maker was counting on to help make up for slack packaged-foods demand.

FCC Deals Blow to Huawei and ZTE, Cuts Off Telecom Subsidies
U.S. regulators labeled two large Chinese telecommunications firms a ?national security threat? and voted to ban them from a federal subsidy program, the latest move in a broader push to close them off from U.S. customers.

For 'Frozen 2,' Toy Makers Let It Flow
Hasbro and Jakks Pacific are among the toy makers flooding the zone with licensed merchandise ahead of Walt Disney Co.?s ?Frozen 2,? which opens this weekend.

U.S. Business Activity Shows Signs of Pickup Against Global Slowdown
Business activity in the U.S. is offering signs of a pickup in late 2019, contrasting with more sluggish economic performances in some of the world?s other largest economies.

Trump Calls Hong Kong Protests 'Complicating Factor' in Trade Talks
President Trump called antigovernment protests in Hong Kong a ?complicating factor? in his bid for a trade deal with China and didn?t say whether he would sign a bill passed by Congress supporting the protesters.

BRE #:00619059
Charles Elfsten, President
Charles A. Elfsten
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