Valley Proteins Closes Restructuring

	Valley Proteins, Inc. had incurred $160 million of indebtedness in acquiring a major competitor, and combined cash flow proved insufficient to service this debt
	The company retained TM Capital as financial advisor to assist in pursuing available financing alternatives
	TM Capital assisted in negotiating a debt restructuring which waived all defaults, significantly reduced current interest requirements and maintained 100% control by the existing shareholders
	The financial flexibility provided by this restructuring has contributed to the substantial turnaround which Valley has since achieved in its operating results