Aventiv Technologies Finalizes Comprehensive Financing Agreement with Lenders and Financial Sponsor Platinum Equity [Yahoo! Finance]
FTI Consulting, Inc. (FCN)
Last fti consulting, inc. earnings: 4/30 07:30 am
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Source: Yahoo! Finance
Agreement includes extension of debt maturities, reduction in cash interest expense, and injection of new capital Agreement clears path for consideration of strategic alternatives DALLAS March 28, 2024 /PRNewswire/ -- Aventiv Technologies, a communications and technology business serving the incarcerated, their friends and family, and state and local correctional facilities, today announced an agreement with all necessary financial stakeholders to strengthen its financial foundation by extending debt maturities, reducing cash interest expense, and injecting new capital into the business. Parties to the agreement are Aventiv (the "Company"); financial sponsor Platinum Equity ("Platinum"); and 100% of its lender group. Key terms include an extension of maturities of the Company's first lien senior secured notes and credit facilities; a reduction of cash interest expense; and an addition of new capital. "We appreciate that our financial stakeholders have come together to ensure
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FCN
News
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FCN
Earnings
- 4/25/24 - Beat
FCN
Sec Filings
- 4/26/24 - Form 8-K
- 4/26/24 - Form 8-K
- 4/25/24 - Form 10-Q
- FCN's page on the SEC website