|
Education Management Lenders Get Control in Debt Swap
Bloomberg In return the lenders would get a preferred equity stake convertible to common shares and warrants for the purchase of additional stock, according to the statement. Existing shareholders would see their stake cut to 4 percent after the conversion of … Education Management (EDMC) Reaches Agreement with Debt Holders Over …StreetInsider.com (subscription) Education Management restructuring to lower debt by $1.1 blnReuters |
