Midway Reaches Agreement With Other Debtholders

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MidwayEarlier this month, Midway came to arrangements with many of its debtholders following issues arising from the company's change in control. Midway confirmed that it has come to an agreement with the holders of $150 million of convertible senior notes, giving the company more time before those holders exercise their option to require Midway to repurchase the notes.
This just further confirms what FI originally wrote – that Midway was extremely unlikely to bankrupt itself by forgetting about provisions in its debt relating to a change of control, and that the new ownership has things in hand. At least for the time being.

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This page contains a single entry by Editor published on January 15, 2009 8:40 PM.

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