On April 2, 2024, View Inc., a Delaware corporation, entered into a Restructuring Support Agreement with its lenders and holders of its Existing Notes, including Anson Funds Management LP and other related parties, to implement a prepackaged restructuring plan. The agreement, which was filed with the SEC, involves the conversion of existing debt into equity of the reorganized company, with senior secured term loan lenders receiving 54.2% of the equity, Existing Notes holders receiving 10%, and lenders providing a new Tranche C Funding Commitment receiving 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 provided by existing lenders, including the...Show More

On April 2, 2024, View Inc., a Delaware corporation, entered into a Restructuring Support Agreement with its lenders and holders of its Existing Notes, including Anson Funds Management LP and other related parties, to implement a prepackaged restructuring plan. The agreement, which was filed with the SEC, involves the conversion of existing debt into equity of the reorganized company, with senior secured term loan lenders receiving 54.2% of the equity, Existing Notes holders receiving 10%, and lenders providing a new Tranche C Funding Commitment receiving 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 provided by existing lenders, including the Anson Funds. The agreement follows a voluntary chapter 11 bankruptcy filing by View Inc. and its affiliates, with the aim of emerging from bankruptcy protection. The filing was necessitated by an event of default under the Credit Agreement, with approximately $52.1 million due. The transactions are subject to customary conditions and Bankruptcy Court approval, with no assurance that they will be consummated.