(Bloomberg) Rackspace Technology Inc. is nearing a restructuring deal with creditors that would hand it fresh cash, reduce its debt and rework the line for creditor repayments, according to people with knowledge of the situation. Most Read from BloombergOne of the Most Infamous Trades on Wall Street Is Roaring BackStock Traders Bracing for Worst Shrug Off Hot CPI: Markets WrapUS Core Inflation Tops Forecasts Again, Reinforcing Fed CautionChina Has Never Canceled This Many Shipments of US Whea
Rackspace Technology Inc is reportedly finalizing a deal with creditors for $275 million in new funds, prioritizing certain lenders and mirroring trends in other companies' restructuring plans.
Rackspace Technology Nears Restructuring Deal With Creditors bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
GoTo Group, Inc. Receives 99.99% Participation on its Existing Term Loan Exchange Offer tmcnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tmcnet.com Daily Mail and Mail on Sunday newspapers.
GoTo Group, Inc. ("GoTo" or the "Company"), the leading brand in making IT management, support, and business communications easy, today announced that 99.99% of existing term loan holders have committed to participate in the existing term loan.