Trussway: The Calm after the Perfect Storm

Feature

Trussway: The Calm after the Perfect Storm

  • After a long struggle to keep in compliance with covenants in their credit agreement and a failed recapitalization attempt, Trussway’s only option was to restructure the company financially.
  • Their financial restructuring was completely via a five-month pre-packaged Chapter 11 filing process.
  • Trussway’s financial storm dating back to 1998 has finally blown over, and the company is enjoying financial health, prosperity and growth in its core multi-family segment.