Software Firm GoTo Inks Deal for Debt Restructuring, New Loan

Software firm GoTo Group Inc. reached a deal with a majority of its creditors that would see it extend debt maturities and rework the pecking order for creditor payouts, while also giving it an injection of fresh capital, according to people with knowledge of the situation.

The deal calls for a debt exchange at below-par prices that will be open to all loan investors and holders of the company’s 5.5% notes due 2027, according to a statement released Monday. However, the swap offers better terms for investors who helped negotiate the deal, said the people, who asked not to be ...