Corrpro Companies, Inc.

Hahn Loeser represented Corrpro Companies, Inc., the world’s leading provider of corrosion control engineering services, through a complex series of restructuring steps, including a substantial equity infusion and debt refinancing. The transactions, which required the approval of Corrpro’s shareholders, also involved negotiating forbearance agreements with existing lenders, divesting several business units and managing other complex domestic and international financial transactions. The result was a successful $67 million recapitalization of the company, which included the sale of $13 million in preferred stock, $14 million in subordinated notes and a new $40 million senior secured credit facility. The recapitalization of Corrpro was acknowledged as the “2004 Turnaround Deal of the Year” by the M&A Advisor.