Ensuring liquidity

In a cri­sis situa­tion, tar­ge­ted com­mu­ni­ca­tion is cru­cial, espe­cially with banks and cre­dit insu­rers. The most important thing in these dis­cus­si­ons is to coor­di­nate the group of finan­cial backers, find the balance among inte­rests that are often not alig­ned, and deve­lop crea­tive solu­ti­ons where nee­ded. It’s important to have a detai­led under­stan­ding of out­side finan­ciers’ view­po­ints – which are con­di­tio­ned by col­la­te­ral, risk reduc­tion, equal tre­at­ment and for­mal requi­re­ments – and to find via­ble solu­ti­ons in that set­ting.

To gain an ade­quate time win­dow for an appro­priate ana­ly­sis and to sta­bi­lize backers, our first prio­rity is to ensure the com­pany’s near-term abi­lity to meet pay­ments. We sup­port that with such aspects as ope­ra­ting cash mana­ge­ment and even balance-sheet chan­ges and cor­po­rate acti­ons.