Client Profile
A hospitality group operating 15 hotels across India and Southeast Asia facing liquidity pressure post-pandemic.
The Challenge
The group carried $120M in debt across 6 lenders with varying terms, covenants, and maturity profiles. Cash flows had recovered to 70% of pre-pandemic levels but covenant breaches were imminent on 3 facilities.
Our Approach
Nirji led a comprehensive debt restructuring: consolidated lender negotiations, designed a unified repayment waterfall, negotiated covenant relief and maturity extensions, and structured a $15M working capital facility to bridge the recovery period.
Solution Delivered
Restructured $120M in debt with 18-month maturity extensions, covenant holidays, and a blended interest rate reduction of 180bps. Avoided default and preserved the group's credit rating.
Measurable Outcomes
$120M
Debt Restructured
18 months
Maturity Extension
180bps
Interest Rate Savings
6
Lenders Managed
"Nirji managed six lenders simultaneously and found a structure that worked for everyone. Extraordinary under pressure."
How This Connects to Our Broader Practice
This engagement exemplifies how Nirji Ventures integrates multiple capabilities to deliver end-to-end results. Companies facing similar challenges often benefit from our investment banking practice for capital transactions, business transformation consulting for operational improvements, and financial advisory for structuring and governance.
For companies expanding internationally, our global expansion advisory provides market entry support across 30+ countries. Early-stage ventures can explore our startup consulting practice for strategic guidance from pre-seed through Series B.
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