Disaster Recovery Solutions Market Growth of Innovations by Top Key Players, Trends and Impressive CAGR | IBM, Microsoft
January 18, 2021
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Sungard Availability Services and Its Lenders Extend Debt Maturities and Amend Key Credit Terms to Support Growth Initiatives
Extension Affirms Business Transformation Progress as Evidenced Through New Solutions, Network Transformation Initiatives and Service Delivery Enhancements
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Sungard Availability Services (Sungard AS), a leading provider of highly available,
infrastructure in North America and Europe, today announced definitive agreements with its lenders to extend substantially all of its debt maturities from 2022 until 2024.
The amendments extend the maturities of both the senior and junior term loans and provide additional flexibility to continue investment in and execution of the Company s operating plan. Due to the enhanced liquidity position achieved year-to-date, the Company is also making a partial prepayment on both its senior and junior term loans in conjunction with the transaction.
Sungard Availability Services : and Its Lenders Extend Debt Maturities and Amend Key Credit Terms to Support Growth Initiatives marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.