Edgio launches strategic financial restructuring to facilitate sale and strengthen operations [Seeking Alpha]
Edgio, Inc. (EGIO)
Company Research
Source: Seeking Alpha
Bankruptcy Court for the District of Delaware to effectuate one or more sale transactions that should allow for the continued operation of company's business under new ownership. EGIO premarket to $2.91. The company enters this process with the support of its primary lender, Lynrock Lake Master Fund, to facilitate a smooth and efficient completion of the Chapter 11 Cases. To anchor the sale process, Edgio has entered into a stalking horse asset purchase agreement with Lynrock, which has agreed to acquire assets of the company through a credit bid in the amount of $110 million of the existing secured debt held by Lynrock. Prior to the commencement of Chapter 11 cases, the company engaged in discussions with a number of interested parties with respect to a potential sale. Edgio has also entered into an agreement to receive about $15.6 million in principal amount of funded debtor-in-possession financing from Lynrock that, following approval by the Court, is expected to ensure c
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EGIO
News
- Apollo-Backed Software Maker Edgio Seeks Bankruptcy Protection [BNN Bloomberg (Canada)]BNN Bloomberg
- Apollo-Backed Software Maker Edgio Seeks Bankruptcy Protection [Yahoo! Finance]Yahoo! Finance
- Edgio, Inc. Launches Strategic Financial Restructuring to Facilitate Sale and Strengthen Operations [Yahoo! Finance]Yahoo! Finance
- Edgio, Inc. Launches Strategic Financial Restructuring to Facilitate Sale and Strengthen OperationsBusiness Wire
- 3 Media Stocks Worth Buying From a Prospering Industry [Yahoo! Finance]Yahoo! Finance
EGIO
Sec Filings
- 9/13/24 - Form 4
- 9/13/24 - Form 8-K
- 9/9/24 - Form 8-K
- EGIO's page on the SEC website