AMERICAS DISTRESS DAILY: Radiate, Lenders Fail to Reach Deal

Stonepeak Partners-backed Radiate and its lenders have hit an impasse over how to tackle the cable provider’s liquidity needs, according to people familiar with the situation.

Confidential talks ended in mid-August after a debt-restructuring deal in which Stonepeak would write an equity check to help shore up cash reserves couldn’t be reached, the people said. Points of contention included the magnitude of a haircut under a distressed debt exchange.

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