Platinum-Backed PR Software Firm Cision Nears Deal With Lenders

Platinum Equity-backed public relations firm Cision Ltd. and some of its lenders are nearing a deal to inject the company with fresh cash, according to people with knowledge of the situation.

• Talks are for about $250 million in new money that would be provided by lenders who entered into a cooperation agreement, said the people, who asked not to be identified discussing a private matter
  • The proposal includes below-par debt exchanges, the people said
• The company and an ad hoc group of lenders have been swapping proposals after the parties hit an impasse over a debt restructuring in January, ...