| HBS Case Collection
(Revised March 2013)
Preem's creditors and owners made a deal with an 18 month extension of debt maturities and a minor equity injection in 2009. Now, in 2010, the new maturity is approaching, and refinancing is again unlikely. This time, all the firm's debt is coming due. What went wrong in the first restructuring and what should PCP do to facilitate a more permanent solution?
Problems and Challenges;
Becker, Bo. "Preem (B)." Harvard Business School Supplement 213-014, August 2012. (Revised March 2013.)