Clearlake Capital Group-backed Newfold Digital is courting additional creditor support for its recently agreed upon debt restructuring via side pacts with lenders that were not part of the original negotiations, according to people with knowledge of the matter.
Newfold, a web services provider also backed by Siris Capital,reached an agreement to overhaul its debt with a group of creditors including Pacific Investment Management Co. and GoldenTree Asset Management after months of negotiations, the people said. It includes roughly $100 million in new financing and a debt exchange that would reshape the company’s capital structure and alter repayment priorities, ...
