LSC Communications Takes Action to Strengthen Its Liquidity and Improve Its Capital Structure
LSC COMMUNICATIONS INC (LKSD)
Last lsc communications inc earnings: 3/2 07:50 am
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Source: Business Wire
Voluntarily Files for Business Reorganization under Chapter 11Raises $100 Million in Additional Liquidity to Continue Operating Its Business and Serving Clients CHICAGO--(BUSINESS WIRE)--LSC Communications, Inc. (OTCQX: LKSD) (“LSC” or the “Company”) today announced that the Company, along with most of its U.S. subsidiaries, has voluntarily filed for business reorganization under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of New York. The Company’s decision follows a comprehensive evaluation of opportunities to reduce its debt and better position LSC to compete and deliver exceptional products and services to its clients. LSC has sufficient liquidity to continue operating its business safely and efficiently and remains committed to serving its clients with the same high standards of quality and reliability they expect. LSC’s subsidiaries in Mexico and Canada are not included in the court proceedings and will continue to operate in
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