Mavenir Completes Full Recapitalisation – Global Security Mag Online
Summary by Global Security Mag Online
1 Articles
1 Articles
The transaction eliminates more than $1.3 billion in existing debt and guarantees $300 million in new senior financing, thereby significantly strengthening Mavenir's balance sheet. Mavenir is able to continue its growth and ensure its long-term success. Siris remains a majority shareholder with the support of Mavenir's major lenders. RICHARDSON, Texas, 29 July.
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