Mitel Enters Into Deal With Ad Hoc Group Of Lenders to Recapitalize Debt
ReutersMar 10, 2025 5:23 AM
March 10 (Reuters) -
MITEL: SUPPORT FROM MAJORITY OF LENDERS, $124.5 MILLION IN NEW FINANCING WILL INCREASE LIQUIDITY TO OPTIMIZE BUSINESS OPERATIONS
MITEL: BALANCE SHEET TO BE DELEVERAGED BY ABOUT $1.15 BILLION,ANNUAL CASH INTEREST EXPENSE TO BE REDUCED BY ABOUT $135 MILLION
MITEL: OPERATIONS TO CONTINUE IN ORDINARY COURSE
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