Edgio says it filed voluntary petitions under Chapter 11 of bankruptcy code and intends to use court-supervised process to pursue sale of its businesses and assets.
- Continues to operate as “debtors-in-possession”
- Engaged in discussions with some interested parties with respect to a potential sale of all or part of its businesses and assets
- Entered into stalking horse asset purchase agreement with Lynrock, which has agreed to acquire company’s assets through a credit bid in amount of $110m of existing secured debt held by Lynrock
- Seeks approval of $15.6m senior secured super-priority debtor-in-possession financing with Lynrock Lake Master Fund LP
To ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.