Beneficient Announces Strategy To Eliminate Hclp Debt And Heppner Equity Interests
BENF•Beneficient outlines debt and equity elimination strategy
Sept. 23 (Reuters) - Beneficient BENF.O:
- Beneficient announces strategy to eliminate Hclp debt and Heppner equity interests
- Beneficient says the strategy includes elimination of $130 million Hclp debt
- Beneficient terminates Heppner agreements and extinguishes $88 million owed
- Beneficient converts $850 million Heppner preferred equity into 162,132 Class A shares
