In addition to experience operationally and in the conducting of equity raises, Mr. Slusarchuk has
structured complex
debt financing transactions in the United States, Canada and Europe with multiple top
tier banks.
1) The bondholders could voluntarily agree to move a portion of their claims lower down in the capital
structure, swapping
debt for equity (preferred or common), allowing the bank to have a larger cushion of
Tier - 1 capital, avoiding insolvency, and hopefully allowing the bank to recover by its own bootstraps, preferably assisted by
debt restructuring on the borrower side (via property appreciation rights and the like).