SoftBank-Backed Window Maker to File for Bankruptcy to Cut Debt
- View Inc. to be taken over by senior lenders in debt swap
- Cantor Fitzgerald, RXR Realty sign onto restructuring deal
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View Inc., a window-maker partly owned by SoftBank Group, filed for bankruptcy Tuesday with a proposal to turn itself over to lenders in exchange for reducing its $359 million debt load.
All of the company’s term-loan lenders and 90% of noteholders back the proposal, which could be given final court approval within 45 days, View said in a statement.