Company Expected to Emerge with Robust Financial Foundation via Equitization of $7.0 Billion of Pre-petition Debt, Which Represents 99% of Debt Outstanding, and a $520 Million Capital Injection
Agreement Reached with Credit Facility Bank Lenders and Unsecured Noteholders to Sign an Amended Restructuring Support Agreement and Backstop Commitment Agreement
Noteholders Representing Over 72% of the Company's Unsecured Notes and Bank Lenders Representing Over 88% of the Company's Credit Facility Claims Have Signed on to Support the Restructuring
PR Newswire
LONDON, Feb. 8, 2021
