Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
2U ( (TWOUQ) ) just unveiled an announcement.
As part of its financial restructuring, 2U, Inc. has successfully emerged from Chapter 11 proceedings with a fortified balance sheet, ready to enhance its online educational offerings in partnership with top universities. The company has secured a new first lien credit facility of $414.3 million and a second lien credit facility of approximately $65.06 million, allowing for the settlement of previous debts and providing a solid financial foundation. Moreover, 2U has transitioned to a limited liability company structure, with a board of managers appointed to oversee its strategic direction, and has cancelled all previous equity interests, issuing new equity to Convertible Noteholders. This strategic move positions 2U to continue its mission of expanding access to quality education and meeting workforce development needs.
For an in-depth examination of TWOUQ stock, go to TipRanks’ Stock Analysis page.