Case Study: Syncreon achieves a $690M debt reduction and new liquidity with AlixPartners

When a Landmark Cross-border Restructuring Recapitalizes a Global Logistics Business

Syncreon, a global automotive and technology logistics specialist, faced a severe financial and operational challenge with about $1.1 billion in debt, highly unprofitable tech contracts, and a complex cross-border structure spanning 20 jurisdictions. AlixPartners served as financial advisor, helping manage cash, evaluate the business plan, coordinate stakeholders, and plan the restructuring.

AlixPartners helped deliver a landmark cross-border recapitalization using an English scheme of arrangement, supported by Chapter 15 and CCAA proceedings, to restructure syncreon’s debt and capital structure. The result was a reduction of funded debt by approximately $690 million, a $51 million annual debt service reduction, repayment of the existing ABL facility, a new ABL facility, and an incremental $125.5 million of liquidity to support ongoing operations.

Syncreon

Brian Enright

Chief Executive Officer