Thu 07/29/2021 19:49 PM
GTT’s stakeholders are struggling to agree on a restructuring plan with just days to go before the latest of many
extensions of forbearance agreements expiring on Aug. 3, according to sources. Chiefly, the company’s U.S. dollar and EMEA lenders have been unable to agree over the distribution of $2.1 billion in expected proceeds from the
sale of the infrastructure assets to I Squared Capital, the sources said.
At the heart of the disagreement between the dollar and EMEA lenders is...
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