Fri 05/14/2021 17:10 PM
Carlson Travel could require up to $200 million of additional funding over the next year and up to $500 million over the next two or three years to plug a cash flow gap as the travel industry remains slow to recover, according to sources. The company’s advisors, Houlihan Lokey and Kirkland & Ellis, have begun engaging with the bondholders and their advisors, Rothschild and Stroock, about the new-money need and a potential restructuring, the sources said.
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