Mavenir & Siris announce recapitalisation plan, secure $300 million in senior financing
US-based network infrastructure firm Mavenir along with its existing investor Siris, a private equity firm, on Monday announced a recapitalisation plan in agreement with Mavenir’s lenders.
Under the plan, the transaction will eliminate over $1.3 billion in existing debt and secure $300 million in new senior financing, along with a subordinated facility from Siris and participating lenders, according to a statement from Mavenir, which was shared exclusively with ETTelecom.
