US Broadband Provider RiverStreet Files for Chapter 11, Enters Asset Purchase Agreement with Oaktree Capital Management

US broadband provider RiverStreet files for Chapter 11, enters asset purchase agreement with Oaktree Capital Management

Will transition ownership to Oaktree Capital Management

RiverStreet files for bankruptcy

RiverStreet Communications of Virginia and 20 affiliated companies filed for Chapter 11 bankruptcy protection Wednesday, seeking to sell most of its assets to funds managed by Oaktree Capital Management.

Riverstreet files chapter 11, sells assets to Oaktree

RiverStreet Communications of Virginia, Inc. and substantially all its affiliates, a provider of telecommunications and broadband services to rural and underserved communities, announced Wednesday (Oct. 21) it has entered into an asset purchase agreement (APA) with funds managed by Oaktree Capital Management, L.P. The new ownership is expected to strengthen the business’s financial foundation and provide additional resources to support […]