Engagement Objectives:

Quickly resolve $3.6M in disputed payoff amounts with lease provider prior to sale of the business.
Ensure all lease payoffs are executed without punitive fees or expenses.

Missing copies of executed lease documents.
Missed lease provider critical notice dates negating favorable early purchase options and forcing onerous extension of lease terms at $2.1M per year.
Equipment purchase option reverted from a fixed, pre-agreed, dollar amount to “fair market value” determined by the Lessor at its sole discretion.
Client had already attempted to resolve the disputed amounts utilizing internal financial staff and outside legal counsel.
Client had already attempted to resolve the disputed amounts utilizing internal financial staff and outside legal counsel.

Client Results

Forced lease term renewal was abated by Optimus saving the Client $1.4M.
Reduced lease purchase options saving the Client $900,000.
Arranged refinancing to pay off the lease providers and avoid a large cash outlay.
Prevented litigation

For more information please contact:

Todd Wyles

(443) 629-8871

twyles@optimusgroup.com