BRIEF-Lycra Company Says To Successfully Complete Comprehensive Financial Restructuring

May 19 (Reuters) -

  • LYCRA COMPANY TO SUCCESSFULLY COMPLETE COMPREHENSIVE FINANCIAL RESTRUCTURING

  • LYCRA COMPANY- WILL HAVE REDUCED ITS TOTAL LONG-TERM DEBT BY MORE THAN $1.2 BILLION AND WILL OBTAIN MORE THAN $75 MILLION IN NEW MONEY INVESTMENT

  • LYCRA COMPANY: DEAN WILLIAMS APPOINTED INTERIM CHIEF EXECUTIVE OFFICER

  • LYCRA COMPANY: THROUGHOUT PROCESS, COMPANY HAS MAINTAINED UNINTERRUPTED OPERATIONS

  • LYCRA COMPANY: GARY SMITH, COMPANY'S FORMER CEO, HAS STEPPED DOWN AND SEPARATED FROM COMPANY

Source text: ID:nBwb6FcgRa


This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.