Tech Co. ConvergeOne Can Tap Final $70M Leg Of $215M DIP

By Clara Geoghegan · May 3, 2024, 7:33 PM EDT

A Texas bankruptcy judge has given final approval to information technology company ConvergeOne's two debtor-in-possession loans, letting the company access $70 million of new money as it works to confirm a...

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Bankruptcy Scorecard

Summary

Information technology company ConvergeOne Holdings Inc. filed for Chapter 11 protection in Texas on Thursday with a prepackaged plan to erase $1.6 billion of secured debt from its balance sheet.

Case Number

4:24-bk-90194

Judge

Christopher M. Lopez

Venue

U.S. Bankruptcy Court for the Southern District of Texas

Capital Structure

Total Liabilities:

$1,000,000,001-$10 billion

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Documents

Related Sections

Case Information

Case Title

ConvergeOne Holdings, Inc.

Case Number

4:24-bk-90194

Court

Texas Southern

Nature of Suit

Date Filed

April 04, 2024

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