SHERMAN OAKS, Calif.–(BUSINESS WIRE)–The Woodbridge Group of Companies, LLC and certain of its affiliates and
subsidiaries (together the Company or Woodbridge) announced today
that it has commenced a process to implement a debt recapitalization
intended to restructure its approximately $750 million in debt. To
facilitate this, Woodbridge filed voluntary petitions under Chapter 11
of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the
District of Delaware. Woodbridge will continue to operate as before
through the Chapter 11 proceedings.
In support of this restructuring, the Company obtained a commitment for
up to $100 million in debtor…
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