Restructuring Pro Forma
Corporate Finance Excel Template (Free Download)
Turn liquidity, capital structure, and turnaround assumptions into a restructuring pro forma for negotiations and recovery decisions.
professionals from Deloitte
About this pro forma
This pro forma presents projected liquidity, debt waterfalls, creditor recoveries, and the operating turnaround path for a distressed business. The underlying Excel model is the calculation engine; the pro forma organises outputs for lenders, advisors, management, and stakeholders.
Use it to monitor cash, compare workout and liquidation cases, size DIP funding, and evaluate how operational actions affect recoveries.
What every model includes
Live formulas, no hardcoded values
Outputs are driven by live formulas, so the workbook updates from its assumptions instead of relying on hardcoded results.
All assumptions in one tab
Inputs are clearly marked in the Assumptions tab and separated from calculations, making it clear what to change and what to leave intact.
Statements always balancing
For integrated-statement models, the balance sheet, cash flow, and supporting schedules tie through properly.
Distinct schedules for clarity
Debt, working capital, taxes, and cash flow can get messy quickly. We group calculations in clear schedules, not across disconnected tabs.
No hidden macros or external links
There are no unexplained external workbook links or macros to undermine auditability or portability.
Changes flow through the model
Update a key driver and see the impact carry through the forecast, financing, and return outputs. We never use hardcoded numbers in formulas.
What's inside the Restructuring Pro Forma
- 13-week cash flow and variance outputs
- DIP financing priority and capital structure waterfall
- Creditor recovery projections by seniority
- Turnaround EBITDA bridge outputs
- Enterprise value and liquidation sensitivities
- Turnaround, workout, and liquidation comparisons
Formatted to IB standards
Named theme colors repaint the whole workbook in one click, on top of an investment-banking structure with clear input, output, and cross-sheet reference styling - brand-ready, institutional-grade, and fully auditable.
Created by ex-finance professionals
Hey, I’m Alex and I created Finamodel.
Over my years in the finance industry I kept building the same models over and over again. Same structure, same assumptions, different logo. So I started building frameworks to turn them into clean, reusable templates.
Every model here is one I’d actually use for a client, and I personally vet each one before it goes up.
I’m not an expert in every industry, but I’ve built enough models to know what belongs in one. And when something is completely foreign to me, I reach out to my network for experts to work on our models with us.
Having a template library on hand cuts a first build from hours to minutes.
Need help finding your model? You’ll find me in the Finamodel app!
Frequently asked
What is this pro forma for?+
It summarises liquidity, recoveries, financing needs, and operating outcomes in distress.
Does it show weekly cash?+
Yes. A 13-week cash forecast includes weekly variance tracking.
Can it compare creditor outcomes?+
Yes. Waterfall logic allocates projected value by claim seniority and priority.
Who uses it?+
Restructuring advisors, lenders, creditors, management, and turnaround investors use it.
Have more financial modelling questions? Contact us
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