A speciality O&G service provider was increasing market share by offering short-term incentive pricing to end users but unfortunately was at the expense of certain margins with impacts to financial covenants, which ultimately led to a falling out with existing senior creditor. Travelers was able to assist by re-leveraging the existing fleet, facilitate a sizeable working capital injection, and coordinate a full term of interest-only payments to assist with the client’s turnaround initiatives. The capital solution allowed the company to continue on its short-term growth strategy while materially lowering debt service obligations, and freed them from strict financial covenants.