debt restructuring

Foundever replaces factoring with US$225m receivables line as debt...

Foundever has closed a major recapitalisation that replaces its previous factoring arrangement with a new three-year US$225m global accounts receivable financing facility, while a term-loan exchange reduces the customer-services group's total debt by nearly US$900m. The receivables facility is being...

#accounts receivable financing#debt restructuring#factoring