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Gregg Yorkison | Tightening Credit Market
Shared by Gregg Yorkison Los Angeles The term “credit market” refers to the market where individuals, businesses, and governments can borrow money from lenders such as banks, credit unions, or other financial institutions. These lenders make money by charging interest on the loans they provide. When lenders are willing to lend money quickly and at…
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Gregg Yorkison | Solutions To Bank Workout Group
Shared by Gregg Yorkison Los Angeles When a bank or company faces bankruptcy, a workout is a process to help them avoid it. A workout involves working with a team of experts, such as financial consultants and lawyers, to create a plan to pay off debts and restructure the business. The goal is to make…
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Gregg Yorkison | What to Do When You Know You’re Going To Blow a Covenant
Shared by Gregg Yorkison Los Angeles A covenant is a promise or agreement a borrower makes to a lender when borrowing money. Covenants protect the lender’s interests in the banking industry and ensure the borrower can repay the loan. Covenants may require the borrower to meet specific financial or operational goals, maintain a certain level…
About Gregg Yorkison
Gregg Yorkison is the founding Partner of C.Y.G. in Los Angeles CA has almost three [3] decades of experience in corporate finance, restructurings and workout advisory. Experience and expertise covers both traditional industries such as manufacturing, distribution, and service businesses, but has expanded to fintech / blockchain / crypto / and payments (“Fintech”).
The advent of Fintech in recent years has created new opportunities for entrepreneurs, investors and turnaround professionals. C.Y.G. provides a range of assessment, restructuring, wind-down and monetization solutions to both traditional and Fintech markets.
By leveraging experience and recent involvement in several stressed and distressed Fintech matters, we serve as an invaluable resource to investors and their legal advisors in navigating this rapidly evolving landscape.
Eduation
University of Southern California
Bachelor of Science (B.A.Sc.)
Field Of StudyInternational Finance
Dates attended – 1989 – 1991
More About Gregg Yorkison
CYG’s engagements usually coincide with some type of distress or crisis. These include matters both in and out of court. In some cases Mr. Yorkison is brought in as Chief Restructuring Officer (“CRO”) whereby Mr. Yorkison assumes the role as the Officer in charge of all business operations, cash management, employment, and reporting. These matters typically occur where there is a dispute amongst ownership or the need for an “agent of change” as required by a secured party. These crisis situations usually have little to no advance notice yet Mr. Yorkison has successfully managed through these situation by stabilizing operations, implementing appropriate reporting, advising the Board of Directors, and setting strategy to move the business forward in a positive manner.
In addition to CRO, Mr. Yorkison has significant experience in valuation, M&A (sell-side and buy-side), §363 sales, Assignment for Benefit of Creditors (“ABC”) transactions, debt placement, refinancings, recapitalizations, capital raising mandates and licensing.