Piggly Wiggly

CMA was engaged to advise the lenders to Piggly Wiggly Carolina and  subsequently released to assist the Company with implementation of identified opportunities. The lenders were refinanced out following the improved performance.

Company was challenged by larger, more powerful competitors who were compressing industry margins reducing overall profitability.  Leveraged capital structure included $100 million of debt plus significant unsecured partner deferrals.