SOURCE: Imperial Capital

Imperial Capital

March 15, 2011 04:45 ET

Imperial Capital Advises California Coastal Communities, Inc. in Successful Restructuring

LOS ANGELES, CA--(Marketwire - March 15, 2011) - Imperial Capital announced the successful restructuring and emergence from Chapter 11 bankruptcy proceeding of California Coastal Communities, Inc. ("California Coastal" or "the Company"), a residential land development and homebuilding company operating in Southern California. Imperial Capital was engaged by California Coastal as their exclusive financial advisor during the restructuring.

Imperial Capital provided advice and guidance through their expertise in restructuring negotiations, knowledge of real estate and capital markets execution. "The senior lenders, led by Anchorage Capital Group and Bank of America, demonstrated extensive real estate knowledge and will be an excellent partner for California Coastal as the Company continues the successful build-out of this 356-home Brightwater community," added Robert Warshauer, Managing Director at Imperial Capital and lead investment banker on the transaction.

Imperial Capital, as exclusive financial advisor to California Coastal, worked closely with the senior lenders to provide the right capital structure for the Company. "Imperial Capital's Restructuring Advisory Group is dedicated to providing clients creative solutions to complex transactions," said Jason Reese, Chairman and Chief Executive Officer of Imperial Capital.

About Imperial Capital, LLC

Imperial Capital, founded in 1997, is a full-service investment banking firm with offices in Los Angeles, New York, San Francisco, Minneapolis, Boston and Houston. The firm currently employs over 170 professionals and offers a wide range of proprietary products and services to institutional investors, middle market companies, and private equity firms. Imperial Capital provides institutional clients research and sales and trading of high yield and distressed debt securities, bank debt, convertible bonds, preferred stocks, and equities. The firm provides middle market companies and financial sponsors with capital markets, merger and acquisitions, capital structure, restructuring and recapitalization advisory services. More information about Imperial Capital can be found at www.imperialcapital.com.

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