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Brightspeed has successfully restructured $4.82bn of debt, exchanging it for $3.71bn in new obligations — dialling down its debt by 23%. The deal resolves the long-standing "hung debt" issue from Apollo's 2022 acquisition and even includes a big cheque to fund its fiber build. It's a bright new chapter for Brightspeed, but will it lead to smoother connections? 🔮 👉 For a detailed breakdown of the new capital structure, check out the story: https://hubs.ly/Q02LSCs50 #distresseddebt #leveragedfinance #brightspeed

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Rolando Santos

Program/Project Manager at Nelson Engineering a Salas-O’Brien Company

2mo

👍on the “dial down”… is it now time to acquire the only eastern state (FL) left behind by Apollo? Lumen’s total market cap as of Friday was $6.4B. The FL business is only a fraction of that. I’ll read on to get more details on the new interest rate and terms.

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