Output Services Group, Inc. Achieves Comprehensive Recapitalization that Reduces Debt by 73% and Secures $50 Million Investment
With the agreement, OSG, and certain of its affiliates, filed voluntary Chapter 11 petitions in order to pursue a pre-packaged Plan of Reorganization to implement the recapitalization transactions.
- With the agreement, OSG, and certain of its affiliates, filed voluntary Chapter 11 petitions in order to pursue a pre-packaged Plan of Reorganization to implement the recapitalization transactions.
- During the reorganization process, which is expected to be successfully completed by the end of November 2023, OSG will continue normal business operations.
- "We are grateful of the commitment our investors are demonstrating by providing this new financing," said Mr. Cherry.
- OSG is represented by McDermott Will & Emery LLP as legal counsel, Accordion Partners as its financial advisors and Houlihan Lokey Capital, Inc. as its investment bank.