Allegheny International

What refinancing alternative would minimize losses for a 26-bank consortium that had provided funds to troubled Allegheny International?
Kathryn Rudie Harrigan  | Fall 2016
Print this page
By the mid-1970s Allegheny International had diversified from being a mid-sized specialty steel concern into a consumer products and high-tech industrial conglomerate. Allegheny endured significant financial setbacks throughout the early 1980s and in 1986 it entered into a Revolving Credit Agreement with a consortium of 26 banks. This case asks students to consider the consortium’s options as Allegheny’s financial situation becomes dire: two exchange offers or, if the company is unable to renegotiate its debt, bankruptcy.

Case ID: 170402

Buy select cases through The Case Centre,  Ivey Publishing and Harvard Business Publishing.

Contact us by e-mail at Columbia CaseWorks or 212-853-8585.