consumer bankruptcy project
Reader’s Digest Association Completes Financial Restructuring; Emerges as a Stronger, More Competitive Global Company …
The Reader’s Digest Association, Inc. announced today that it has successfully completed its financial restructuring and has emerged from pre-arranged Chapter 11 well capitalized, having reduced its debt by 75 percent and lowered its gross operating leverage from 17.5x to 3.2x. Â With a significantly improved capital structure, RDA is positioned to continue its transformation into a multi …
