2U Takes Strategic Action to Significantly Strengthen Balance Sheet and Position Company for Innovation and Growth
July 26, 2024
July 26, 2024
LANHAM, Maryland, July 26 -- 2u, a company that offers online education and services, issued the following news on July 25, 2024:
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Company enters into agreement with its debtholders to eliminate over 50% of its debt and infuse approximately $110 million of new capital into the business, enabling 2U to invest further in its mission
All educational programs and services to continue seamlessly with no interruption for partners or learners
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Company enters into agreement with its debtholders to eliminate over 50% of its debt and infuse approximately $110 million of new capital into the business, enabling 2U to invest further in its mission
All educational programs and services to continue seamlessly with no interruption for partners or learners
* * . . .