Voluntary chapter 11 cases filed for entities based in the United States (U.S.) consistent with Company’s previously announced Restructuring Support Agreement (RSA) with key stakeholders
- Large majorities of lenders and noteholders have approved the Prepackaged Plan
- The combination of the recently completed infrastructure division sale and the transactions contemplated by the Prepackaged Plan will reduce the Company’s debt by approximately $2.8 billion
- Business continues as usual and without interruption both in the U.S. and globally; vendors, employees and other partners to be paid in the ordinary course of business
MCLEAN,