Spark Networks to Advance Transformational Journey on Stronger Financial Foundation
Spark Networks to Advance Transformational Journey on Stronger Financial Foundation
Receives German Court Approval for Restructuring Plan in StaRUG Proceedings
StarUG诉讼中的重组计划获得德国法院批准
Restructuring Plan to Significantly Improve Company's Capital Structure and Liquidity Position
重组计划将显著改善公司的资本结构和流动性状况
MGG to Become Spark's Sole Owner Following Implementation of the Restructuring Plan
重组计划实施后，MGG将成为Spark的唯一所有者
With the German Court's approval, Spark will move forward with implementation of the Restructuring Plan, which, upon completion, will result in MGG Investment Group LP ("MGG") becoming Spark's sole equity owner. Under the terms of the Restructuring Plan, a portion of the Company's debt will be waived, eliminating over US$45M of debt with improved terms on the remainder of its loan facility with MGG. Additionally, MGG has made approximately US$24M available to support business operations and the Company's strategic initiatives. The infusion of new capital and debt reduction is expected to provide the Company with necessary runway to complete its comprehensive transformation plan and pave the way toward long-term profitability.
经德国法院批准，Spark将推进重组计划的实施，重组计划完成后，MGG投资集团有限责任公司（“MGG”）将成为Spark的唯一股权所有者。根据重组计划的条款，公司的一部分债务将被免除，通过改善与MGG的剩余贷款额度的条款，取消超过4500万美元的债务。此外，MGG已拨款约2400万美元，用于支持业务运营和公司的战略举措。注入新的资本和债务减免预计将为公司提供必要的途径，以完成其全面的转型计划，为实现长期盈利铺平道路。
"This milestone marks an important step as we prepare to begin a new era for Spark Networks. The German Court's approval of our plan as part of a landmark StaRUG case will enable us to continue in our mission to help people around the world find meaningful relationships and spark connections that matter, on more sustainable footing," said Colleen Brown, Chair of Spark's Board of Directors and Interim Chief Executive Officer.
“这一里程碑标志着我们准备开启Spark Networks新时代的重要一步。作为具有里程碑意义的StarUg案的一部分，德国法院批准了我们的计划，这将使我们能够继续履行使命，帮助世界各地的人们在更可持续的基础上找到有意义的关系并激发重要的联系。” Spark董事会主席兼临时首席执行官科琳·布朗说。
"With our enhanced capital structure and MGG's support, we look forward to continuing our transformation as we move into the future as a financially stronger company," said Kristie Goodgion, Spark's Chief Financial Officer.
Spark首席财务官克里斯蒂·古德吉恩表示：“凭借我们增强的资本结构和MGG的支持，我们期待在迈向未来的过程中继续转型，成为一家财务实力更强的公司。”
Following approval of the German Court, the Company intends to seek recognition of the German Court's approval of the Restructuring Plan in the Company's Chapter 15 Proceedings.
在德国法院批准后，公司打算在公司第15章程序中寻求承认德国法院对重组计划的批准。
Advisors
顾问
Jones Day and Brinkmann & Partner Rechtsanwälte are serving as legal counsel, Ankura Consulting serving as Turnaround Advisor, Mr. Adrian Frankum serving as Sparks Foreign Representative in the Chapter 15 Proceedings, Ernst & Young GmbH serving as Financial Advisor, and C Street Advisory Group and Corecoms Consulting GmbH & Co. KG are serving as communications advisors.
琼斯戴和Brinkmann & Partner Rechtsanwalte担任法律顾问，Ankura Consulting担任周转顾问，阿德里安·弗兰克姆先生在第15章诉讼中担任Sparks外国代表，安永会计师事务所担任财务顾问，C街咨询集团和Corecoms Consulting GmbH & Co.KG 担任传播顾问。
About Spark Networks SE
Spark 网络股份公司简介
Spark Networks SE (OTC: LOVLQ) is a leading social dating platform for meaningful relationships focusing on the 40+ demographic and faith-based affiliations. Spark's portfolio of premium and freemium dating apps include Zoosk, EliteSingles, SilverSingles, Christian Mingle, Jdate, and JSwipe, among others. Spark is headquartered in Berlin, Germany, with offices in New York and Utah.
Spark Networks SE（场外交易代码：LOVLQ）是领先的社交约会平台，旨在建立有意义的关系，专注于40多个受众群体和基于信仰的隶属关系。Spark的高级和免费增值约会应用程序组合包括Zoosk、EliteSingles、SilverSingles、Christian Mingle、Jdate和JSwipe等。Spark 总部位于德国柏林，在纽约和犹他州设有办事处。