Reported 8 days ago
LaserShip Inc., backed by American Securities, has finalized a debt-restructuring agreement that provides approximately $300 million in fresh funds, allowing certain creditors to prioritize their repayments ahead of others. The deal includes provisions for a mix of senior and junior-ranking debts for creditors and offers the option for in-kind interest payments, reflecting a trend among distressed companies to negotiate better terms for select investors.
Source: YAHOO