AUSTIN, Texas–(BUSINESS WIRE)–Mood Media, the worlds leading on-premise and connected media solutions company dedicated to elevating the Customer Experience, today announced that it has taken the next step to implement the prepackaged financial restructuring plan that will reduce the Companys debt by approximately $404 million. The transaction provides the Company with the financial flexibility necessary for long-term success. Mood Media and certain of its subsidiaries have voluntarily filed for reorganization under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas. The Companys international subsidiaries are not part of the Chapter 11 filing.
As previously announc…
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