As SEG announced on March 15, 2018, SEG entered into an RSA with a group of creditors collectively holding 80% of its 8.625%/9.375% Senior PIK Toggle Notes due September 2018 and its private equity sponsor regarding the terms of a comprehensive financial restructuring that will position SEG for long-term financial health. SEG will continue operating throughout this process, and its associates remain focused on exceeding the needs of customers and consistently delivering great service, quality and value in SEG’s stores.
Anthony Hucker, President and Chief Executive Officer of SEG, said, “Today, with the support of our key stakeholde…
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