Precision Printing

By Harold Grousbeck, Kevin Taweel
1993 | Case No. E5

Tim Fletcher, president of Precision Printing, has 15 days to refinance his company’s outstanding loans of approximately $2.8 million. Its current lender, National Bank, received Precision’s loan and wanted to renegotiate the terms. In effect, the bank demanded that Precision’s owners make an equity infusion of $1 million and sign personal guarantees for an additional $2 million. Fletcher has few options. He needs to present the bank with a reasonably attractive proposal, or risk failing to consummate any deal. This case is available for purchase from ECCH.

This material is available for download by current Stanford GSB students, faculty, and staff, as well as Stanford GSB alumni. For inquires, contact the Case Writing Office. Download
Available for Purchase