BOSTON–(BUSINESS WIRE)–Skillsoft Corporation (Skillsoft or the Company), a global leader in learning and talent management solutions, today announced that the U.S. Bankruptcy Court for the District of Delaware has confirmed the Companys Plan of Reorganization. The Company expects to successfully complete its financial restructuring process and emerge from Chapter 11 in the coming weeks with a right-sized capital structure, stronger balance sheet and significant additional liquidity.
Upon emergence, the Company will reduce its total debt by approximately $1.5 billion, eliminating approximately $100 million in annual interest payments, and have approximately $50 million in liquidity and leverage of approximately 3.5x net debt-to-LTM …
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