After years of distress, Kota’s Resonance nears debt deal with 80% haircut

The person said Resonance’s debt sale process included two Swiss tender advertisements, but no competing bidders emerged during the objection period, leading to its termination. In a competition held in Switzerland, third parties are invited to submit a counter-offer against the original bid. According to the people mentioned above, the transaction is being authorized by Azalea Capital Advisors.