Cision Affiliate Gets $250m Financing, Extends Debt Maturities

Cision affiliate Castle US Holding Corp. obtained $250 million in new financing and extended its debt maturities beyond 2030 with backing from holders of over 90% of the company’s debt.

• New money to support business flexibility and growth
• Plan backed by about 99% of lenders under senior secured facility and about 95% of unsecured note holders
• Transaction reduces debt principal and extends maturities past 2030
• “Having secured additional liquidity and extended our debt maturities to 2030 and beyond, we are positioned to execute on our long-term growth strategy,” Cision CEO Guy Abramo said

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