Jim McGlynn

Director, Turnaround and Restructuring @AlixPartners

Successful restructuring / transformation, reducing debt by over $2.5B, establishing a growth-oriented capital structure with $650M in liquidity while reducing cost structure by over $500M • Successful chapter 11 / operational turnaround leading to 363 sale, generating over $800M in proceeds, 100% employee placement and senior creditor recoveries over 90%. Named officer of Liquidating Trust responsible for settlement of almost $200M in remaining liabilities. • Successful balance sheet de-levering - Reduced debt by more than $2.0B and received $300M in equity rights offering leaving debtors with ample liquidity and substantial free cash flow. • Successful restructuring of $2.5B capital structure leaving debtors with solid liquidity and only $85M in debt while achieving creditor recoveries of almost $600M with significant future upside. • Chapter 11 / operational restructuring of $155M capital structure including almost $100M reduction of funded debt obligations and over $20M in annual operating cost savings. • Due diligence for carve out and liquidation of a $450M manufacturing operation resulting in an increased valuation of $50M due to optimized operational and employee related strategies. • Strategic sales of majority of Chapter 11 business, resulting in over $500M of proceeds, senior creditors being 100% repaid and placement of 90% of affected employees.