Aspect Software emerges from court restructuring

Aspect Software said May 30 that emerged from its court restructuring process and reduced debt by more than $320 million. Aspect filed for Chapter 11 bankruptcy protection in March. GSO Capital, a unit of Blackstone, Guggenheim Partners Investment Management LLC, and MidOcean Credit Partners led the arrangement. Phoenix-based Aspect is a call center technology company. Aspect’s advisors were Kirkland & Ellis (as restructuring counsel), Jefferies LLC (as investment banker) and Alix Partners LLP (as restructuring advisor).

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