WEB KLDiscovery Takes Steps to Strengthen Financial Foundation
KLDI Moves to Close Transaction
Company Expects Reduced Debt, Improved Liquidity
WEB KLDiscovery has recently taken steps to significantly enhance its financial foundation and position.
The company has entered into an agreement with its debenture holders and term loan lender to reduce its debt and improve its liquidity position.
This transaction is a key step in the company's long-term growth strategy and will enable it to continue to provide its clients with the highest quality of service.
Transaction Details
The transaction will involve a comprehensive restructuring of the company's debt, including:
- A reduction in the company's outstanding debt by approximately $200 million
- An extension of the maturity date on the company's term loan
- A reduction in the company's interest expense
- Improved financial flexibility
The transaction is expected to close in the third quarter of 2023.
Financial Impact
The transaction is expected to have a positive impact on the company's financial performance, including:
- Reduced debt service costs
- Improved cash flow
- Increased financial flexibility
- Strengthened balance sheet
The company believes that the transaction will enable it to continue to invest in its business and pursue its long-term growth strategy.
Conclusion
WEB KLDiscovery's recent actions to strengthen its financial foundation are a positive step for the company and its stakeholders.
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