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Rolta India Limited Restructuring Support Agreement

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On February 14, 2018, Rolta India Limited announced unaudited financial results for the quarter ended December 31, 2017. The Company and certain of its international subsidiaries announced that they have entered into an agreement to implement a restructuring of its 8.875% Senior Notes due 2019 and 10.75% Senior Notes due 2018. The Committee has unanimously signed a Restructuring Support Agreement. It is anticipated that the restructuring will be implemented through a pre-packaged Chapter 11 plan. The solicitation process is expected to commence on or near April 4, 2018. The Company retained Moelis & Company and Latham & Watkins to evaluate the Company’s financial situation and work with noteholder representatives to formulate a solution to the Company’s financial difficulties. Read more on distressed companies.

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