On Thursday, e-discovery, information governance and data recovery company KLDiscovery announced that it reached an agreement with creditors that will reduce the company’s debt load and allow it to continue operating without having to make a mandated debt repayment in excess of $260 million next month.
In a financial filing in March, KLDiscovery noted that the looming debt repayments raised doubt about its “ability to continue as a going concern,” and at the time, said that it did not have “sufficient cash on hand or available liquidity to repay” its debt.
