Lenders to Carlyle-Backed Veritas Float New Debt-Swap Plan (1)

Lenders to Carlyle Group Inc.-backed Veritas US Inc. have submitted a new debt restructuring proposal as they attempt to end an impasse over how the company plans repay the billions it owes next year, according to people with knowledge of the matter.

A key creditor group recently proposed swapping existing debt into new first- and second-lien obligations backed by varying collateral, said the people, who asked not to be identified discussing a private matter. They also asked for a higher debt paydown than the company previously offered, the people said.

Veritas and its lenders earlier clashed over the size ...