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0 0 0.00297619047619051 0.00297619047619051 0.00442051820728287 0.00442051820728287 0.00840336134453776 0.0106442577030812
Stock impact report

Basic Fun Completes Its Restructuring with a Significantly Strengthened Financial Position and Continues on its Growth Trajectory [Yahoo! Finance]

Oppenheimer Holdings, Inc. Class A (DE) (OPY) 
US:NYSE Investor Relations: opco.com/investor-relations/index.aspx
Company Research Source: Yahoo! Finance
today that it has successfully completed its financial restructuring and has emerged from the process well-positioned for the future. As a result of its restructuring, Basic Fun has substantially strengthened its capital structure by enhancing its liquidity, securing new capital to fund growth, and allowing the Company to invest in even greater promotional initiatives and an expanding product portfolio globally. Management is pleased to have exited this process quickly and efficiently and looks forward to the bright future that lies ahead for Basic Fun. Under the Company's restructuring plan, which was approved by the District Court of Delaware , Basic Fun has secured and retained $65 million in new and existing financing from its lending partners and founders. The company is now on the strongest financial footing in its history with sales forecasted to be up over 30% year-over-year and profits at record levels driven by its exciting portfolio of products. Ownership is proud tha Show less Read more
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