Outsource Firm iQor Said to Explore Sale to Tackle Maturing Debt

iQor Holdings Inc. has been exploring a potential sale to help tackle debt repayments coming due in the next couple of years, according to people with knowledge of the matter.

• If a sale doesn’t materialize, the company will need to rework its debt obligations, said the people, who asked not to be identified because the discussions are private
• Rothschild & Co. has been advising the company for a possible sale, some of the people said
• S&P Global Ratings in September slashed its corporate rating to CCC from CCC+, citing refinancing risks tied to upcoming debt maturities
  • iQor has an asset-based ...