Brief: Tintri Announces Bankruptcy Filing, Non-Binding Letter Of Intent

Tintri

10/07/2018 17:33

July 10 (Reuters) - Tintri Inc  TNTR.O :
    * TINTRI ANNOUNCES BANKRUPTCY FILING, NON-BINDING LETTER OF
INTENT
AND FINANCING COMMITMENT
    * TINTRI INC - TINTRI WILL CONTINUE TO OPERATE ITS
BUSINESSES AS A
DEBTOR-IN-POSSESSION UNDER JURISDICTION OF BANKRUPTCY COURT
    * TINTRI - INTENDS TO CONTINUE EFFORTS TO ENTER STRATEGIC
TRANSACTION, INCLUDING A SALE OF COMPANY OR ITS ASSETS, AFTER
BANKRUPTCY FILING
    * TINTRI INC - COMPANY HAS ENTERED INTO A LETTER OF INTENT
WITH
DATADIRECT NETWORKS
    * TINTRI INC - CO HAS ARRANGED FOR FINANCING THAT IS
INTENDED TO
BRIDGE COMPANY TO A STRATEGIC TRANSACTION
    * TINTRI INC - LETTER OF INTENT WITH DATADIRECT NETWORKS
WHICH
CONTEMPLATES PURCHASE OF SUBSTANTIALLY ALL OF COMPANY'S ASSETS
    * TINTRI INC - DDN LETTER OF INTENT IS NON-BINDING AND
PROVIDES NO
GUARANTEE THAT A TRANSACTION WILL BE COMPLETED
    * TINTRI - BRIDGE TO STRATEGIC TRANSACTION FINANCING TO HAVE
AMOUNTS UNDER A PROPOSED SUPERPRIORITY SECURED D-I-P CREDIT
FACILITY WITH TRIPLEPOINT CAPITAL

Source text for Eikon:  ID:nBw2rPl3ha 
Further company coverage:  TNTR.O 

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