Eurazeo: Contributed About $50M to Lakeland Tours New Financing

Eurazeo-baked Lakeland Tours LLC, operating mainly under WorldStrides brand, entered into a restructuring support agreement with majority of secured lenders and with controlling shareholders, Eurazeo says in a statement on Tuesday.

• Comes as it filed Tuesday a prepackaged plan to effect a financial restructuring, Eurazeo says in statement
• Financial reorganization plan is subject to U.S. court approval
• Eurazeo’s contribution to new financing is approximately $50 million
• SEE: Eurazeo-Backed Travel Firm WorldStrides Files for Chapter 11

To contact the reporter on this story:
Gaspard Sebag in Paris at gsebag@bloomberg.net

To contact the editors responsible for this story:
Anthony Aarons at aaarons@bloomberg.net ...