(Reuters) – Travelex said on Tuesday its debt holders will take control of the company and inject 84 million pounds ($105.60 million) of fresh liquidity as part of a debt restructuring to help the currency service provider ride out the coronavirus crisis.
The company said it reached an agreement with at least 66.7% of its senior secured noteholders and all of revolving credit facility lenders on an 84% reduction of its existing financial debt.
(Reporting by Tanishaa Nadkar in Bengaluru; Editing by Shinjini Ganguli)
