Financial Personal
KLDiscovery Takes Steps to Strengthen Balance Sheet and Long-Term Financial Foundation
Reaches agreement in principle with debenture holders and term loan lender to reduce debt Strong capital structure will support KLDiscovery’s growth model and investment in market-leading client solutions Transaction expected to close in the near ter
EDEN PRAIRIE, Minn. -- KLDiscovery Inc. (“KLDiscovery” or the “Company”), a global leader in data management, information governance, eDiscovery, and advisory services solutions, today announced that it has reached an agreement in principle with its principal convertible debenture holders and its principal term loan lender to significantly reduce the Company’s long-term debt and strengthen its financial position, enabling KLDiscovery to focus on its growth model and drive investment in its market-leading client solutions. Read More
