Spark Networks to Advance Transformational Journey on Stronger Financial Foundation
Spark Networks to Advance Transformational Journey on Stronger Financial Foundation
Receives German Court Approval for Restructuring Plan in StaRUG Proceedings
StarUG訴訟中的重組計劃獲得德國法院批准
Restructuring Plan to Significantly Improve Company's Capital Structure and Liquidity Position
重組計劃將顯著改善公司的資本結構和流動性狀況
MGG to Become Spark's Sole Owner Following Implementation of the Restructuring Plan
重組計劃實施後，MGG將成爲Spark的唯一所有者
With the German Court's approval, Spark will move forward with implementation of the Restructuring Plan, which, upon completion, will result in MGG Investment Group LP ("MGG") becoming Spark's sole equity owner. Under the terms of the Restructuring Plan, a portion of the Company's debt will be waived, eliminating over US$45M of debt with improved terms on the remainder of its loan facility with MGG. Additionally, MGG has made approximately US$24M available to support business operations and the Company's strategic initiatives. The infusion of new capital and debt reduction is expected to provide the Company with necessary runway to complete its comprehensive transformation plan and pave the way toward long-term profitability.
經德國法院批准，Spark將推進重組計劃的實施，重組計劃完成後，MGG投資集團有限責任公司（“MGG”）將成爲Spark的唯一股權所有者。根據重組計劃的條款，公司的一部分債務將被免除，通過改善與MGG的剩餘貸款額度的條款，取消超過4500萬美元的債務。此外，MGG已撥款約2400萬美元，用於支持業務運營和公司的戰略舉措。注入新的資本和債務減免預計將爲公司提供必要的途徑，以完成其全面的轉型計劃，爲實現長期盈利鋪平道路。
"This milestone marks an important step as we prepare to begin a new era for Spark Networks. The German Court's approval of our plan as part of a landmark StaRUG case will enable us to continue in our mission to help people around the world find meaningful relationships and spark connections that matter, on more sustainable footing," said Colleen Brown, Chair of Spark's Board of Directors and Interim Chief Executive Officer.
“這一里程碑標誌着我們準備開啓Spark Networks新時代的重要一步。作爲具有里程碑意義的StarUg案的一部分，德國法院批准了我們的計劃，這將使我們能夠繼續履行使命，幫助世界各地的人們在更可持續的基礎上找到有意義的關係並激發重要的聯繫。” Spark董事會主席兼臨時首席執行官科琳·布朗說。
"With our enhanced capital structure and MGG's support, we look forward to continuing our transformation as we move into the future as a financially stronger company," said Kristie Goodgion, Spark's Chief Financial Officer.
Spark首席財務官克里斯蒂·古德吉恩表示：“憑藉我們增強的資本結構和MGG的支持，我們期待在邁向未來的過程中繼續轉型，成爲一家財務實力更強的公司。”
Following approval of the German Court, the Company intends to seek recognition of the German Court's approval of the Restructuring Plan in the Company's Chapter 15 Proceedings.
在德國法院批准後，公司打算在公司第15章程序中尋求承認德國法院對重組計劃的批准。
Advisors
顧問
Jones Day and Brinkmann & Partner Rechtsanwälte are serving as legal counsel, Ankura Consulting serving as Turnaround Advisor, Mr. Adrian Frankum serving as Sparks Foreign Representative in the Chapter 15 Proceedings, Ernst & Young GmbH serving as Financial Advisor, and C Street Advisory Group and Corecoms Consulting GmbH & Co. KG are serving as communications advisors.
瓊斯戴和Brinkmann & Partner Rechtsanwalte擔任法律顧問，Ankura Consulting擔任週轉顧問，阿德里安·弗蘭克姆先生在第15章訴訟中擔任Sparks外國代表，安永會計師事務所擔任財務顧問，C街諮詢集團和Corecoms Consulting GmbH & Co.KG 擔任傳播顧問。
About Spark Networks SE
Spark 網絡股份公司簡介
Spark Networks SE (OTC: LOVLQ) is a leading social dating platform for meaningful relationships focusing on the 40+ demographic and faith-based affiliations. Spark's portfolio of premium and freemium dating apps include Zoosk, EliteSingles, SilverSingles, Christian Mingle, Jdate, and JSwipe, among others. Spark is headquartered in Berlin, Germany, with offices in New York and Utah.
Spark Networks SE（場外交易代碼：LOVLQ）是領先的社交約會平台，旨在建立有意義的關係，專注於40多個受衆群體和基於信仰的隸屬關係。Spark的高級和免費增值約會應用程序組合包括Zoosk、EliteSingles、SilverSingles、Christian Mingle、Jdate和JSwipe等。Spark 總部位於德國柏林，在紐約和猶他州設有辦事處。
譯文內容由第三人軟體翻譯。