{
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  "documentTitle": "European Distressed Credit Watch List",
  "authorId": "AlvarezMarsal",
  "authorName": "Alvarez & Marsal",
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  "notes": "The slide provides a snapshot of the company's financial health and recent operational context as of March 2016.",
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      "text": "Nov 15 - H&K received a EUR60mn cash injection... Dec 15 - H&K announced that it had repurchased EUR45mn of its Notes... Jan 16 - H&K's Chairman appointed CEO... Mar 16 - Liquidity includes cash of EUR28mn... Jun 16 - continued uncertainty...",
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      "text": "Net Debt / EBITDA: 5.8x",
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      "kind": "paragraph",
      "text": "Heckler & Koch GmbH manufactures and sells small arms to the security forces, police, and special forces of the German Federal Armed Forces, and NATO and NATO-associated states.",
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      "kind": "source-note",
      "text": "Source: Capital IQ, Debtwire, Company website",
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      "kind": "table",
      "text": "Capital Structure (EUR m) table showing Debt, Out, Maturity, Coupon, Seniority, and Net Debt calculations.",
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      "text": "Financial Summary (EUR m) table showing Revenue, Growth, EBITDA, Margin, and coverage ratios from Dec-13 to LTM Mar-16.",
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      "kind": "title",
      "text": "I. DEFENSE – HECKLER & KOCH GMBH",
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