| HBS Case Collection
(Revised from original 2012 version)
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, March 2013. (Revised from original August 2012 version.)