TITLE

Haights Cross Cuts Costs, Looks to Restructure Debt

PUB. DATE
April 2009
SOURCE
Educational Marketer;4/27/2009, Vol. 40 Issue 9, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the aim of White Plains, New York-based K-12 supplemental and audiobook publisher Haights Cross Communications Inc. to restructure its heavy debt load. It states that the company is hiring Houlihan Lokey Howard and Zukin Capital LP for potential alternatives in debt restructuring and expects to show an impairment of goodwill and intangible assets for 2008. It notes the expected closure of Buckle Down Publishing operations in Iowa, which means a loss of job for 50 people.
ACCESSION #
58771916

 

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