OSG Completes Reorganization with Strong Balance Sheet and New Ownership Group
"We would like to thank each of our advisors for their guidance and tireless efforts that supported our smooth reorganization.
- "We would like to thank each of our advisors for their guidance and tireless efforts that supported our smooth reorganization.
- OSG continues to be a leading innovator in providing solutions for its customers' billing and payment needs.
- As part of the transaction, OSG's balance sheet has been completely recapitalized with only modest leverage and meaningful balance sheet cash, positioning the Company to capitalize on market growth and investments to serve its customers.
- The ad hoc group of first lien lenders was advised by Paul Hastings LLP as legal counsel and Perella Weinberg Partners LP as investment banker.