Foundever Strikes Deal With Creditors to Slash Debt Load
Troubled business services giant Foundever Group has reached an agreement with a group of creditors to reduce its multi-billion dollar debt load, with the company’s controlling shareholder injecting fresh funds...
By Reshmi Basu, Constantine Courcoulas and Giulia Morpurgo · Bloomberg Markets
Troubled business services giant Foundever Group has reached an agreement with a group of creditors to reduce its multi-billion dollar debt load, with the company’s controlling shareholder injecting fresh funds and installing new management.