KIT Digital Provides Details on Warrants; Announces Agreement Between Its Senior Lender and Its Plan Sponsor
NEW YORK, NY — (Marketwired) — 06/04/13 — (the "Company"), a global provider of digital television and media solutions, filed an update to its Plan of Reorganization (the "Plan") which, among other things, provides additional details on the Reorganized KDI Warrants that KIT digital shareholders will receive under the Plan. As previously announced, the Plan includes a recapitalization of the Company which is fully backstopped by three of the Company-s largest shareholders