Advising a Tubing and Casing Manufacturer with Revenue of $120 million in national sales.
When a tubing and casing manufacturer in the oil field service industry found itself in violation of its loan covenants, the company hired MCA Financial Group to improve its collateral position and operations.
The lender, wanting to preserve a healthy lending relationship, offered a period of forbearance, allowing time for the borrower to take corrective action and put the loan back into compliance.