Aventiv Technologies has announced the completion of its recapitalisation through a debt-for-equity exchange.
“The transaction significantly reduces the Company’s debt, strengthens its balance sheet, and positions Aventiv for long-term growth and financial stability,” Aventiv Technologies said in its press statement.
“The completion of this transaction reflects the disciplined execution of our team and the underlying strength of our business,” said Kevin Elder, Interim CEO and President, Aventiv Technologies. “We have built a scaled, resilient platform that supports critical operations for correctional facilities and public safety agencies, while enabling essential connectivity across the communities we serve. This milestone strengthens our foundation and positions us to continue advancing our capabilities, operating with sustained discipline, and delivering long-term value for our stakeholders.”
Aventiv is supported by Milbank LLP as legal advisor, FTI Consulting as financial advisor, and PJT Partners as investment banking advisor. The institutional investors and lenders are represented by Gibson, Dunn & Crutcher LLP as legal advisor and Evercore Group LLC as investment banking advisor.
