On April 2, 2024, View Inc. entered into a Restructuring Support Agreement with various stakeholders, including CF Group Management, Inc., Cantor Fitzgerald, L.P., CF Finance Holdings II, LLC, Cantor Fitzgerald Securities, and CF Principal Investments LLC, to implement a prepackaged restructuring through voluntary chapter 11 cases. The agreement involves converting existing debt into equity of the reorganized company, with senior secured term loan holders receiving 54.2%, Existing Notes holders getting 10%, and lenders providing the Tranche C Funding Commitment obtaining 35.8%. All existing equity interests, including Class A Common Stock and warrants, will be canceled. The restructuring also includes a $17.5 million debtor-in-possession financing facility and a $32.5 million new-money exit financing facility. The agreement follows a default event triggered by the restructuring, with...Show More

On April 2, 2024, View Inc. entered into a Restructuring Support Agreement with various stakeholders, including CF Group Management, Inc., Cantor Fitzgerald, L.P., CF Finance Holdings II, LLC, Cantor Fitzgerald Securities, and CF Principal Investments LLC, to implement a prepackaged restructuring through voluntary chapter 11 cases. The agreement involves converting existing debt into equity of the reorganized company, with senior secured term loan holders receiving 54.2%, Existing Notes holders getting 10%, and lenders providing the Tranche C Funding Commitment obtaining 35.8%. All existing equity interests, including Class A Common Stock and warrants, will be canceled. The restructuring also includes a $17.5 million debtor-in-possession financing facility and a $32.5 million new-money exit financing facility. The agreement follows a default event triggered by the restructuring, with approximately $52.1 million due under the Credit Agreement. The Chapter 11 Cases were filed in the United States Bankruptcy Court for the District of Delaware, and certain agreements, including the Primary Common Stock Purchase Agreement and the Registration Rights Agreement, were automatically terminated. The transactions are subject to Bankruptcy Court approval, and no assurance can be given that they will be consummated.