Rachael Sparks specializes in providing consulting and advisory services in restructuring, financial and accounting capacities with an emphasis in the energy and Engineering, Procurement and Construction (EPC) sectors. Ms. Sparks has ten years of experience in the energy industry and client services, including in exploration and production (E&P), midstream, oilfield services (OFS) and EPC sectors, in addition to experience in the retail and consumer products, healthcare and IT spaces.
Ms. Sparks’ prior restructuring engagements resulted in successful in- and out-of-court restructurings, with above market recoveries for her clients. In one of her most recent engagements, Ms. Sparks and the FTI Consulting team supported the senior secured lenders through waivers and numerous amendments to a credit agreement in an out-of-court restructuring that reduced the lenders exposure to a distressed billion-dollar revenue company by approximately 50 percent.
In past engagements in the energy industry, Ms. Sparks supported her clients in varying capacities including business plan reviews; build-out of dynamic three-statement models in order to facilitate sensitivity analysis and assess the impact of fluctuation in key drivers on the company’s business plan; analysis of cash flow models; liquidation and recovery analyses in both in- and out-of-court restructurings.
Ms. Sparks’ experience in other industries includes development of a high-level global cash forecasting tool at a large international retailer (in conjunction with Treasury and FP&A), and design of accounting and finance reports to facilitate recording of key accounting line items (and reporting metrics) as part of a financial close process, among other items.
Prior to her time at FTI Consulting, Ms. Sparks served in client service and industry roles within various segments in the energy industry, including E&P, midstream and power & utility sectors. Ms. Sparks’ notable clients have included Fortune 500 companies in the power and utility, and oil and gas industries, including SEC and privately held filers. She led and advised on various issues including the integration of subsidiaries into internal reporting and forecasting processes, economic evaluations, transaction and contract valuation, assessment of accounting treatment, and regulatory reporting and compliance.