Ziff Davis Enterprise Restructures Debt
Ziff Davis Enterprise announced this week a restructuring of its balance sheet that "significantly reduces the company's debt and improves its access to capital." This restructuring includes more favorable loan terms.
"The goal was to de-lever the company and get access to liquidity that will ease the company's path through some of the lean months ahead in this economic downturn," Ziff Davis Enterprise CEO Steve Weitzner said in a statement. "We are pleased with the outcome and can now turn our attention to the business of serving our customers better and growing our company."
The company did not disclose how much debt it owes.