Wendel Vows Bridge Will Meet Its Debt Repayments


NEW YORK--In an exclusive interview with IMD, Bridge CEO Tom Wendel has vowed that Bridge will absolutely meet its $350 million debt repayment due June 30--a large portion ($275 million) of which will be paid down by Savvis Communications, its network spinoff. "We're looking for $75 million," says Wendel; Bridge will either sell assets, an equity stake or restructure its debt to get it, but it will not do so through layoffs or closing offices, he notes.

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