Arvos Lenders Agree 3Y Extension
Reorg Blog
JANUARY 19, 2024
Arvos has agreed a restructuring proposal with lenders under which part of its debt will be equitized. The remainder will be termed out by three years with part of the term loan to be prepaid from the proceeds of an equity injection by sponsor Triton, and part of it shifted to a new holdco to delever the company and place it on a sustainable footing, sources said.
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