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James E. Pater
Director
James E. Pater has over 25 years experience in restructuring
secured and unsecured debt, as well as the private placement of senior
and subordinated debt. As a former bank workout officer he brings
valuable insight into the turnaround and workout process. His ability
to quickly evaluate capital structures and the financing needs of
financially distressed companies has been the foundation of his unique
ability to work with both senior management and counsel in developing,
negotiating and implementing restructuring solutions. He has completed
numerous financial restructurings for companies both in and out of
Chapter 11.
His assignments with Beane Associates, Inc. include:
- Assisting a $70 million textile manufacturer in the refinance of a
$15 million senior credit facility.
- Arranging a $10 million senior credit facility for a $45 million defense
contractor.
- Negotiating a $6 million turnaround financing facility for a $15 million
commercial lighting manufacturer
- Representing the secured creditor in the orderly wind-down of a $6 million
electroplater.
Industry Experience includes:
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Aerospace
Automotive
Building Products
Construction
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Defense
Distribution
Financial
Food & Beverage
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Health & Medical
High Technology
Manufacturing
Printing
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Retail
Service
Textiles
Transportation
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Professional Experience includes:
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Refinancing - Debt or Capital Acquisition
Creditor Negotiations & Management
Financial Analysis & Forecasting
Operational Restructuring & Implementation
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Chapter 11 Wind-downs
Chapter 7 Liquidations
Disposition of Under-performing Assets
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Before joining Beane Associates, Inc., Jim worked for PNC Bank N. A. as both a corporate
lending and special assets officer. As leader of a six member lending team he was responsible
for a $250 million loan portfolio in addition to personally managing a portfolio of $60 million.
He gained valuable experience in the structuring and distribution of large syndicated loan
transactions. He has worked as both agent and participant within large bank groups to facilitate
successful reorganizations and workouts. As a special assets officer Jim was responsible for
negotiating complex business and real estate transactions and was tasked with identifying and
implementing exit strategies for the bank including managing foreclosure and legal
actions.
Jim earned a B.A. in Business Administration and Economics from Grove City College.
He is a member of the Turnaround Management Association and the Commercial Finance
Association. Jim continues to serve on the boards of numerous private
companies.
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