Chapter 21 - HARTMAN RIDGE RESTRUCTURES
The company refinanced eventually.
Not under Conrad’s package.
Independent process.
Debt reduced through:
Sale of one residential development parcel.
New institutional equity.
Lower family distributions.
Renegotiated contractor fees.
Full conflict disclosure.
Trust land preserved where valuations favored retention.
Employees kept most jobs.
One lodge expansion canceled.
Some layoffs in development division.
Real consequences.
Not apocalypse.
Nolan resigned as CFO but remained minority shareholder.
Independent CFO hired.
Family voting trust restructured.
Protected-spouse clause remained but modernized.
No ritual.
May you like
No honeymoon paperwork.
No family-master keys.
