GoTo Group Raises $100m of New Capital, Launches Debt Exchange

GoTo Group announced the launch of a debt exchange offer open to all of its existing term loans and its existing 5.50% senior secured notes due 2027.

• Exchange participants will receive new term loans or new notes, as applicable, with an improved security position and tighter covenants and other restrictions, according to a statement
• Confirms that a private debt exchange transaction was consummated Monday with holders of a majority of its existing term loans and existing notes
• Some lenders collectively invested $100m in connection with the closing of the debt exchange
• All of the revolving lenders agreed to extend the ...