KLDiscovery logo. KLDiscovery Reaches Agreement With Creditors Weeks Before Major Debt Comes Due
The agreement will see KLDiscovery convert some debt into "pro forma outstanding common equity" and extend the deadlines for future repayments.
May 02, 2024 at 06:11 PM
3 minute read
On Thursday, e-discovery, information governance and data recovery company KLDiscovery announced that it reached an agreement with creditors that will reduce the company's debt load and allow it to continue operating without having to make a mandated debt repayment in excess of $260 million next month.
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