Tue 12/07/2021 09:59 AM
As Reorg reported, Fusion Connect disclosed on Monday, Dec. 6, a recapitalization transaction to cut debt and raise new capital as the IT services provider faces “significant headwinds” after
emerging from chapter 11 in early 2020 and a liquidity crunch crippling its ability to invest in the business or execute a turnaround plan, according to a copy of a corporate presentation reviewed by Reorg.
The super senior loan was quoted today at 99.5/100.5, unchanged from Monday, and the...
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