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BENF — Beneficient News Story

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Brief: Beneficient Announces Strategy To Eliminate Hclp Debt And Heppner Equity Interests

BRIEF-Beneficient Announces Strategy To Eliminate Hclp Debt And Heppner Equity Interests

- Beneficient BENF.O:

  • BENEFICIENT ANNOUNCES STRATEGY TO ELIMINATE HCLP DEBT AND HEPPNER EQUITY INTERESTS

  • BENEFICIENT - STRATEGY INCLUDES ELIMINATION OF $130 MILLION HCLP DEBT

  • BENEFICIENT - TERMINATES HEPPNER AGREEMENTS AND EXTINGUISHES $88 MILLION OWED

  • BENEFICIENT - CONVERTS $850 MILLION HEPPNER PREFERRED EQUITY INTO 162,132 CLASS A SHARES

Source text: ID:nGNX3GgdsW

Further company coverage: BENF.O


((Reuters.Briefs@thomsonreuters.com))

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