SUBSCRIBE TO TMCnet
TMCnet - World's Largest Communications and Technology Community

TMC NEWS

TMCNET eNEWSLETTER SIGNUP

Global Cloud Xchange Announces Extension of Forbearance Agreement
[August 15, 2019]

Global Cloud Xchange Announces Extension of Forbearance Agreement


Global Cloud Xchange (GCX) today announced that the July 31, 2019, forbearance agreement that was entered into by 87 percent of its bondholders has been extended until 5:00pm (EDT) on September 1, 2019, which provides additional time to discuss options related to the $350m 7.00% Senior Secured Notes issued by GCX Limited.

During this time, GCX will continue evaluating opportunities to restructure its debt in a manner that best positions the company for long-term growth and success.

ABOUT GLOBAL CLOUD XCHANGE

Global Cloud Xchange (GCX), a subsidiary of Reliance Communications (News - Alert), offers a comprehensive portfolio of slutions customized for carriers, enterprises and new media companies. GCX owns the world's largest private undersea cable system spanning more than 68,000 route kms which, seamlessly integrated with Reliance Communications' 200,000 route kms of domestic optic fiber backbone, provides a robust Global Service Delivery Platform. With connections to 40 key business markets worldwide spanning Asia, North America, Europe and the Middle East, GCX delivers leading edge next generation Enterprise solutions to more than 160 countries globally across its Cloud Delivery Network. www.globalcloudxchange.com





[ Back To TMCnet.com's Homepage ]









Technology Marketing Corporation

35 Nutmeg Drive Suite 340, Trumbull, Connecticut 06611 USA
Ph: 800-243-6002, 203-852-6800
Fx: 203-866-3326

General comments: tmc@tmcnet.com.
Comments about this site: webmaster@tmcnet.com.

STAY CURRENT YOUR WAY

© 2019 Technology Marketing Corporation. All rights reserved | Privacy Policy