ConvergeOne Lenders Cite 'Exclusivity' Of Ch. 11 Equity Deal

By Alex Wittenberg · May 17, 2024, 7:08 PM EDT

A group of ConvergeOne lenders asked a Texas bankruptcy judge Friday to reject the information technology company's prepackaged Chapter 11 plan, saying an equity rights offering underpinning the proposal unfairly excludes...

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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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