Dye & Durham Ltd., a cloud software company, is facing heightened scrutiny of its capital position, and its first-lien lenders are taking steps to assess and manage their next actions. According to people familiar with the matter cited by Bloomberg, the lenders have retained Houlihan Lokey Inc. as a financial adviser as the company’s financial situation comes under increased review. The Financial Post adds that the lenders are holding discussions focused on how to engage with the company, rather than immediately considering alternative financing proposals. Taken together, the reports indicate that creditor discussions are currently centered on coordinating an approach toward Dye & Durham during a period of increased attention to liquidity or solvency risks. Neither outlet provides details on the scope of the adviser’s work, the company’s specific capital shortfalls, or any concrete financing or restructuring outcome. No timeline for further steps is reported in the available excerpts.