Capabilities

Financial restructuring

Broadway Financial Corporation
2013 - 2014

Our attorneys represented Broadway Financial Corporation, a savings and loan holding company serving minority communities, in a complex financial restructuring involving exchanges of mandatorily convertible non-voting preferred stock and voting and non-voting common stock for multiple series of preferred stock (including two series of TARP preferred stock), renegotiation of outstanding holding company senior debt, negotiation of extension of the maturity and revision of the payment terms of holding company subordinated debentures  and multiple private placements of common stock in PIPE (private investment in public securities) transactions, as well as related proceedings with NASDAQ to obtain exemption from normal stockholder approval requirement and registration of stock with the SEC.

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