Affinity Interactive, a casino and media company, is partnering with the investment bank Moelis & Co. to engage in discussions with its bondholders in an effort to address its escalating debt challenges. This initiative reflects the company’s strategy to stabilize its financial position amid growing creditor unease over increasing debt levels.
Bondholders Seek Legal Assistance as Debt Concerns Grow
Several bondholders have reportedly enlisted the services of the law firm Akin Gump Strauss Hauer & Feld LLP, which specializes in corporate restructuring and Chapter 11 bankruptcy cases. These investors are apprehensive about Affinity’s financial outlook and the possibility that any debt restructuring deal could reduce the value of…