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.
2005 August