Develop a proactive relationship with your banker: PricewaterhouseCoopers



    
    PricewaterhouseCoopers podcast series explores key issues to help
    businesses manage in a downturn: www.pwc.com/ca/strategytalks
    

    TORONTO, April 16 /CNW/ - As private companies look to address their
financing needs during the economic downturn, now is the time to develop a
proactive relationship with lenders to avoid being squeezed by the credit
crunch. Expanding on a recent article to help private companies ensure
financial solvency for their business, PricewaterhouseCoopers (PwC) in Canada
launched the sixth podcast in the Strategy Talks series: Dealing with Your
Banker. The podcast series explores key issues affecting businesses and share
strategies companies can use to address them through feature interviews with
PwC thought leaders.
    In Dealing with Your Banker, Dean Mullett, co-lead of the Restructuring
and Distress Strategy Group and the Credit Crisis Task Force at PwC, and Helen
Mallovy Hicks, a partner in the Valuations group of PwC's Advisory Practice,
speak with Vince De Luca, managing director of PwC's Corporate Finance
practice. Vince talks about the importance for private companies to keep the
lines of communication open with their banker at all times.

    
    Some questions Vince will answer include:

    -   How do private company leaders establish a proactive relationship
        with their lender?
    -   Should private companies increase communication with bankers during
        these times, even if they are performing well?
    -   How do private and public companies differ in the type of information
        they share with bankers?
    -   How is the contraction in the economy different than other financial
        slowdowns?

    The Strategy Talks podcasts will continue over the coming weeks and months
and can all be found at pwc.com/ca/strategytalks.

    Recent podcasts include:

    -   Surviving the Economic Crisis: PwC's Perspective
    -   Restructuring in a Down Economy
    -   How Will a Recession Affect the Value of My Business?
    -   Why Cash is King in a Tight Economy
    -   The Recession's Impact on the Accounting World
    

    The full article on dealing with your banker can be found in the "Let's
Talk About" section at www.pwc.com/ca/businessinsights. This series of
articles from PwC's Private Company Services group helps business owners think
about topical issues and opportunities that can affect the performance of
their business.

    PwC Economic and Credit Crisis Task Force

    PwC recognizes that a global crisis requires a global and coordinated
view.
    The PwC Economic and Credit Crisis Task Force (the "PwC Task Force")
brings together a Canadian team of senior cross-functional experienced
practitioners who understand market volatility and the diverse challenges
facing companies today. By leveraging knowledge, experience and networks, the
PwC Task Force can advise and guide Canadian companies through a multitude of
capital market and economic crisis issues.
    PwC thought leaders are available for individual interviews and briefings
on the topics found within the podcasts. For more information please contact
Carolyn Forest, carolyn.forest@ca.pwc.com, 416 814 5730.

    PricewaterhouseCoopers (www.pwc.com) provides industry-focused assurance,
tax and advisory services to build public trust and enhance value for its
clients and their stakeholders. More than 155,000 people in 153 countries
across our network share their thinking, experience and solutions to develop
fresh perspectives and practical advice. In Canada, PricewaterhouseCoopers LLP
(www.pwc.com/ca) and its related entities have more than 5,200 partners and
staff in offices across the country.

    "PricewaterhouseCoopers" refers to PricewaterhouseCoopers LLP, an Ontario
limited liability partnership, or, as the context requires, the
PricewaterhouseCoopers global network or other member firms of the network,
each of which is a separate and independent legal entity.





For further information:

For further information: Carolyn Forest, PricewaterhouseCoopers LLP,
(416) 814-5730, carolyn.forest@ca.pwc.com; Nina Godard, PricewaterhouseCoopers
LLP, (416) 941-8383 x 13520, nina.godard@ca.pwc.com

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