Globe Metal Division: Phoenix Capital Resources, Phoenix Management Services Client Globe Metal was a $120 million metal foundry in Beverly, Ohio that specializes in silicon alloys. Problem Diminishing cash balances and poor financial performance had caused the Company to be in default of its credit agreements. While the Company was attempting to line up replacement financing, its debt was purchased by a distressed debt buyer. The Company had filed for bankruptcy, but lacked the resources and understanding of the process to operate effectively. Solution Phoenix Management Services was hired as Financial Advisor. Phoenix’s analysis uncovered opportunities to raise prices on high demand items, while discontinuing production of low margin products. Phoenix identified opportunities to continue

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