Catalina has reached a definitive agreement to sell its Japanese entity Catalina Marketing Japan K.K to Yosemite 2 K.K., according to company statement.
- Has entered into a restructuring support agreement with more than 99% of its lenders to substantially reduce the company’s debt
- Confirms Chapter 11 filing in Southern District of New York as part of pact
- Only Catalina’s US operations are part of the court-supervised financial restructuring
- Ops in US, Costa Rica, Europe and Japan will continue as usual throughout restructuring process
- Has the financial liquidity to manage its operations during the court-supervised process and beyond
- Catalina Marketing Japan ...
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