The Cleveland startup also announced a public launch in conjunction with the fundraise. The business said the capital will be primarily applied to new jobs related to sales and 'customer success.'
The struggling medical equipment manufacturer and two of its U.S. subsidiaries filed for Chapter 11 bankruptcy on Tuesday, Jan. 31. However, the company said its global manufacturing and delivery of products should continue uninterrupted.
Refinancing action will reduce net debt by approximately 65%
Global manufacturing and delivery of products to continue uninterrupted to meet robust customer demand
Strong sequential improvement. | February 1, 2023
Refinancing action will reduce net debt by approximately 65%Global manufacturing and delivery of products to continue uninterrupted to meet robust customer demandStrong sequential improvement achieved in preliminary 4Q22 financial resultsExecuted strategic actions accelerating a renewed focus on core businessesELYRI.