Wed 11/03/2021 14:57 PM
Fusion Connect is expected to disclose to its lenders as soon as this week a liability management proposal that would include debt equitization and a capital raise to manage near-term negative cash flow, as the IT services provider seeks to grow its cloud communications business while stabilizing the legacy broadband internet services segment, according to sources.
The company needs about $120 million to bridge toward sustainable growth in the next few years, the sources said. The company is...
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