Why 2U (TWOU) Stock Is Down 60% Today
Why 2U (TWOU) Stock Is Down 60% Today
2U Inc (NASDAQ:TWOU) shares are trading lower by 61% to $1.58 during Thursday's session after the company filed for Chapter 11 bankruptcy to facilitate a Restructuring Support Agreement.
2U公司（纳斯达克代码：TWOU）股价在周四交易中下跌61％，至1.58美元，此前该公司申请破产以便进行重组支持协议。
2U announced it has initiated a financial restructuring to improve its balance sheet and support its mission of expanding global access to education.
2U宣布启动财务重组，以改善其资产负债表并支持其扩大教育全球服务的使命。
The company entered into a Restructuring Support Agreement with lenders holding 87% of its debt, securing $110 million in new capital and reducing its debt by over 50% to about $459 million. To facilitate this, 2U has filed for "prepackaged" Chapter 11 bankruptcy in New York, expecting to complete the process by September.
该公司与持有其87％债务的债权人签订了重组支持协议，以获得1.1亿美元的新资本，并将其债务降低超过50％，约为4590万美元。为此，2U在纽约提出了“预包装”的第11章破产申请，并预计将在9月完成整个流程。
During this time, 2U says the company will continue normal operations and services for students and partners. Post-bankruptcy, 2U will emerge as a private company with continued backing from its current investors.
在这段时间内，2U表示公司将继续为学生和合作伙伴提供正常运营和服务。在破产后，2U将成为一家私人公司，并继续得到其当前投资者的支持。
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According to data from Benzinga Pro, TWOU has a 52-week high of $144.30 and a 52-week low of $1.05.
据Benzinga Pro的数据显示，TWOU股票的52周高点为144.30美元，52周低点为1.05美元。