Silicon Graphics (OTC: SGID) today announced that it has reached an agreement with all of its Senior Secured bank lenders and with holders of a significant amount of its Senior Secured debt on the terms of a reorganization plan that will reduce its debt by approximately $250 million, greatly simplifying its capital structure.
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SGI Takes Action to Reduce Debt
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This page contains a single entry from the blog posted on May 8, 2006 2:10 PM.
The previous post in this blog was Silicon Graphics Files for Chapter 11 bankruptcy protection.
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