Spark Networks to Advance Transformational Journey on Stronger Financial Foundation
The approval follows solicitation of voting by Plan-Affected Parties, and the consultation and approval meeting for creditors, which took place on December 12, 2023.
- The approval follows solicitation of voting by Plan-Affected Parties, and the consultation and approval meeting for creditors, which took place on December 12, 2023.
- With the German Court’s approval, Spark will move forward with implementation of the Restructuring Plan, which, upon completion, will result in MGG Investment Group LP (“MGG”) becoming Spark’s sole equity owner.
- “This milestone marks an important step as we prepare to begin a new era for Spark Networks.
- “With our enhanced capital structure and MGG’s support, we look forward to continuing our transformation as we move into the future as a financially stronger company,” said Kristie Goodgion, Spark’s Chief Financial Officer.