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A solvency opinion is a document stating that a borrower is, and will remain, solvent under the burden of additional debt and is usually provided to protect the security position of the senior lenders and to protect selling shareholders, the board of directors and transaction advisors from having a transaction unravel in a future bankruptcy.
Transactions typically requiring solvency opinions are highly leveraged transactions, capital restructurings, and debt refinancings. Solvency opinions are generally prepared for lenders, boards of directors, buyers and sellers, and creditors.
Valuation Research Corporation was one of the first providers of solvency opinions. We have prepared nearly 800 solvency opinions for transactions ranging from $15 million to over $9 billion in market capital.
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| Selected Solvency Opinions |
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Boscov's has been recapitalized.
We provided a solvency opinion in connection with the transaction.
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We provided a solvency opinion in connection with the acquisition of ShopKo Stores, Inc. by an affiliate of Sun Capital Partners, Inc.
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