Print Woes Drive Truvo Into Ch. 11 With $1.9B Debt
With the support of senior lenders, Truvo USA and four affiliates filed Chapter 11 petitions in the U.S. Bankruptcy Court for the Southern District of New York, with a plan in the works to recapitalize by transferring Truvo USA to senior lenders and issuing some €600 million ($748 million) in new debt.
The petition cites assets...
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