Williams Company is pressed by circumstances to decide whether to enter into a high-cost loan agreement that will help it solve its imminent liquidity crisis, caused by a series of unfortunate events for the business and a large amount of short-term and long-term debt maturing in the second half of the year. The cost of the loan is extremely high, but, given the disadvantaged situation of the company, might be the only option that will allow the company to stay in business and prevent bankruptcy for its foreseeable liquidity problems.