Medallia announces recapitalization agreement with Blackstone, Apollo, FS KKR (BX:NYSE)

Medallia announces recapitalization agreement with Blackstone, Apollo, FS KKR (BX:NYSE)

Medallia announced on Wednesday a recapitalization agreement with its lenders, which is expected to reduce the company's debt and provide $150M in new capital.

Medallia announces milestone agreement with group led by Blackstone, Apollo, and FSK to transition ownership and position company for next era of growth

Significantly strengthens the company’s balance sheet and provides $150 million of new capital to advance... The post Medallia announces milestone agreement with group led by Blackstone, Apollo, and FSK to transition ownership and position company for next era of growth appeared first on UK Tech News.

Medallia Positioned for Its Next Era, Backed by Blackstone, Apollo, and KKR

Positioning the company to accelerate AI-driven innovation and customer-focused product investment

Medallia Inc: Debt For Equity Swap Finalized

At long last - but as expected - Thomas Bravo is throwing the keys to this SaaS company's lenders in one of the largest restructurings of the year. However, this is far from the end of this convoluted story.

Medallia Lands $150M, New Owners and a Fresh AI Roadmap — After Thoma Bravo's Historic Loss

Recapitalization deal gives Medallia $150 million and a debt-reduced balance sheet. It also officially closes one of PE's most expensive software bets.