Post by Weil, Gotshal & Manges LLP

A Weil team led by Restructuring partner Kevin Bostel and Banking & Finance partners Paul Overmyer and Anne Seymour is advising System1, Inc. in a comprehensive transaction to strengthen its capital structure and reduce total debt through a debt exchange agreement with all its existing term loan and revolver lenders, the issuance of new convertible preferred shares, and a full settlement of all outstanding disputes with the System1’s existing lenders. System1 operates flagship internet utilities including CouponFollow, MapQuest and Startpage.com, and a best-in-class customer acquisition and marketing platform powered by artificial intelligence. Read more about this transaction and view the full Weil team: https://lnkd.in/exPrfkYV