Edgio Enters Into Stalking Horse Asset Purchase Agreement With Lynrock, Which Has Agreed To Acquire Assets Of The Co Through A Credit Bid In The Amount Of $110M Of The Existing Secured Debt Held By Lynrock
Edgio Enters Into Stalking Horse Asset Purchase Agreement With Lynrock, Which Has Agreed To Acquire Assets Of The Co Through A Credit Bid In The Amount Of $110M Of The Existing Secured Debt Held By Lynrock
Edgio, Inc. (NASDAQ:EGIO) and certain of its affiliates (collectively, "Edgio" or the "Company"), the platform of choice for security, speed, and simplicity, today announced that it has voluntarily filed for chapter 11 relief (the "Chapter 11 Cases") in the United States Bankruptcy Court for the District of Delaware (the "Court") to effectuate one or more sale transactions that should allow for the continued operation of the Company's business under new ownership.
安全、速度和簡便性的首選平台Edgio, Inc.（納斯達克股票代碼：EGIO）及其某些關聯公司（統稱爲 「Edgio」 或 「公司」）今天宣佈，它已自願向美國特拉華特區破產法院（「法院」）申請第11章救濟（「第11章案件」），以執行一項或多項允許繼續運營的銷售交易公司新所有權下的業務。
The Company enters this process with the support of its primary lender, Lynrock Lake Master Fund LP ("Lynrock"), to facilitate a smooth and efficient completion of the Chapter 11 Cases. To anchor the sale process, Edgio has entered into a stalking horse asset purchase agreement with Lynrock, which has agreed to acquire assets of the Company through a credit bid in the amount of $110 million of the existing secured debt held by Lynrock. Prior to the commencement of Chapter 11 Cases, the Company engaged in discussions with a number of interested parties with respect to a potential sale of all or part of the Company's businesses and assets. In response to such interest, the Company intends to use a Court-supervised sale process to seek the highest or otherwise best bid for its assets, including its valuable individual business product offerings:
公司在其主要貸款人Lynrock Lake Master Fund LP（「Lynrock」）的支持下進入這一程序，以促進第11章案件的順利高效完成。爲了鞏固出售過程，Edgio與Lynrock簽訂了實地考察資產購買協議，後者已同意通過信貸競標收購該公司的資產，金額爲1.1億美元的Lynrock持有的現有擔保債務。在第11章案件開始之前，公司與許多利益相關方就可能出售公司全部或部分業務和資產進行了討論。爲了回應這種利益，公司打算利用法院監督的出售程序，爲其資產（包括其有價值的個人商業產品產品）尋求最高或其他最佳出價：
譯文內容由第三人軟體翻譯。
