The overhaul would end months of talks between the company and creditors over how to use the US$3.6bil it got from the sale of its data protection business to Cohesity Inc to deal with the maturing debt. — Bloomberg
NEW YORK: Carlyle Group Inc-backed Veritas US Inc is closing in on a deal to restructure US$4bil of debt it owes next year, according to sources.
The software company has agreed to terms with a group of lenders, and is now seeking an agreement with other creditors, said the people, who asked not to be identified because the discussions are private.
