US-Canadian Vice Media Group has filed for bankruptcy in the Southern District of New York. In this respect reported on the Prnewswire website, which distributes organizations’ press releases.
As part of the restructuring, the company signed an agreement to sell its assets to a consortium of creditors, including Fortress Investment Group, Soros Fund Management, and Monroe Capital. The publication noted that for these assets, lenders agreed to provide $225 million and assume “remaining liabilities” upon completion of the transaction.
The message added that within 45 days after the restructuring, the above funds could become new owners of the company.
In early May, The New York Times, citing its own sources, WroteThe company of the same name that owns Vice can file for bankruptcy. If the publication does not find a relevant buyer, the procedure may be announced in the coming weeks. An insider said that more than five companies are interested in acquiring Vice, but another source says the chances of acquiring it are slim.