AMERICAS DISTRESS DAILY: Aventiv to Hand Control to Creditors

Aventiv Technologies has agreed to hand over control to creditors in exchange for equitizing first-lien debt, according to people familiar with the matter.

• The restructuring plan includes a new $360 million loan to repay debt and improve the company’s cash levels, they added
  • The change of control would need to be approved by the Federal Communications Commission

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