Elliott-Backed Cubic to Defer Debt Payment in Bid to Manage Cash
Cubic Corp. has notified lenders that it plans to defer an interest payment on a chunk of its debt, some seven months after cutting its borrowings and receiving a fresh...
By Reshmi Basu · Bloomberg Markets
Cubic Corp. has notified lenders that it plans to defer an interest payment on a chunk of its debt, some seven months after cutting its borrowings and receiving a fresh equity injection from owners Elliott Investment Management and Veritas Capital Fund Management.