FRISCO, Texas, Jan. 25, 2017 /PRNewswire/ — Goodman Networks Incorporated today announced that on January 24, 2017, Goodman Networks and its subsidiaries (collectively, the “Company”) entered into a restructuring support agreement with holders of the Company’s 12.125% Senior Secured Notes due 2018 (the “Notes”) who hold more than 75% of the outstanding Notes and more than 80% of the Company’s equity holders regarding a comprehensive financial restructuring transaction that will result in a stronger balance sheet for the Company. The proposed transaction, among other things, will reduce the Company’s long term debt by approximately $212.5 million through an exchange of the Notes for a cash paydown, new 8% secured notes issued by …
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