The Financial Restructuring Tool Set

Mike Harmon worked at Oaktree for twenty-one years, acquiring companies via the medium of distress. In The Financial Restructuring Tool Set, he has admirably distilled his experience in corporate restructuring into plain talk and actionable advice. -- Howard Marks, cofounder and cochairman, Oaktree Capital Management At last, a practical and accessible guide to addressing companies burdened with excessive debt. Drawing on his extensive career in investing and his role as a lecturer at Stanford, Harmon simplifies the complex world of financial restructuring, making it clear and understandable for all. This book is an essential resource for anyone working for, engaging with, or investing in a financially stressed company. I only wish it existed when I began my career in investing. -- Kristin W. Mugford, Harvard Business School This book will immediately become an essential guide for everyone who wants to richly understand how corporate law and corporate finance principles are deployed in real-life restructuring scenarios. It is particularly useful for executives, board directors, and other nonspecialists who encounter restructurings episodically and need a rigorous but accessible instruction manual. -- Sujeet Indap, Wall Street Editor of the <i>Financial Times</i> and coauthor of <i>The Caesars Palace Coup</i> The Financial Restructuring Tool Set is the obvious go-to source for practitioners and MBA students seeking a clear, readable, and highly instructive guide through the concepts and practice of financial restructuring. The accessibility and conceptual strength of Harmon's writing is reflected in the big success of his Stanford MBA course on the same subject. -- Darrell Duffie, Adams Distinguished Professor of Management and professor of finance, Stanford Graduate School of Business This is the first and definitive practical guide to financial restructuring, a must-have resource for investors, creditors, lawyers, entrepreneurs, advisors, students, and anyone who may encounter or have an interest in corporate distress. Harmon’s book seamlessly bridges theory with practice and offers a panoramic review of the corporate restructuring process and the tools to manage it. Backed by actionable frameworks and real-world examples, written in plain English, this book provides the roadmap to navigate through turbulent waters. -- Dominique Mielle, author of <i>Damsel in Distressed</i> and former hedge fund manager