Brief: Ebix Debtors Entered Binding "Stalking Horse" Plan Support Agreement, Which Was Amended And Restated On June 26

Ebix

01/07/2024 11:40

July 1 (Reuters) - 
  
    * EBIX: ON JUNE 12, DEBTORS ENTERED BINDING "STALKING HORSE"
PLAN
SUPPORT AGREEMENT, WHICH AGREEMENT WAS AMENDED AND RESTATED ON
JUNE 26
    * PURSUANT TO STALKING HORSE PLAN SUPPORT AGREEMENT, DEBTORS
AND
PLAN SPONSOR HAVE AGREED TO PRINCIPAL TERMS OF A RESTRUCTURING
TRANSACTION
    * REORGANIZATION PLAN WILL BE FUNDED WITH $145 MILLION FROM
PLAN
SPONSOR
    * POST STALKING HORSE PLAN SUPPORT AGREEMENT, PLAN SPONSOR
DELIVERED DEPOSIT $7.25 MILLION, TO DELIVER ADDITIONAL DEPOSITS
$42.5 MILLION BY JULY 23

Source text for Eikon:  ID:n0001193125-24-172508 
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