Our Services | Financial Restructuring/Results

Seneca has historically provided substantial value to its clients. These have included results where:

• Seneca, acting as the advisor to the Official Committee of Equity Holders of Seitel, Inc., increased the value attributed to shareholder’s from $0.40 to over $5.00, a 1,300% increase in value;
  • Existing equity  retained their ownership of the company and were given the opportunity to retain that ownership if they exercised the rights.
• Acting as Chief Restructuring Officer, Seneca led General Media, Inc. through its Chapter 11 proceeding, ultimately resulting in a “100 cent plan” for creditors.
• Seneca, acting as the advisor to the Official Committee of Equity Holders of Peregrine Systems, Inc., provided valuation testimony that directly led to the Official Committee of Equity Holders retaining 37% of the reorganized company’s new equity.
  • Through his role in the proceedings, Mr. Harris was asked to serve on the board of the company upon its emergence.  Mr. Harris served on the board until the company was sold to Hewlett-Packard in December of 2005.
• Acting as Financial Advisor to America West Airlines following September 11th, Seneca assisted the company with a successful funding application for more than $420 million under the Air Transportation Safety and System Stabilization Act.