Wendel Vows Bridge Will Meet Its Debt Repayments
SPECIAL REPORT
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.
And though there has been growing concern
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