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（納斯達克代碼：TWOU）股價在週四交易中下跌61％，至1.58美元，此前該公司申請破產以便進行重組支持協議。
2U announced it has initiated a financial restructuring to improve its balance sheet and support its mission of expanding global access to education.
2U宣佈啓動財務重組，以改善其資產負債表並支持其擴大教育全球服務的使命。
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.
該公司與持有其87％債務的債權人簽訂了重組支持協議，以獲得1.1億美元的新資本，並將其債務降低超過50％，約爲4590萬美元。爲此，2U在紐約提出了“預包裝”的第11章破產申請，並預計將在9月完成整個流程。
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.
在這段時間內，2U表示公司將繼續爲學生和合作夥伴提供正常運營和服務。在破產後，2U將成爲一傢俬人公司，並繼續得到其當前投資者的支持。
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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.
據Benzinga Pro的數據顯示，TWOU股票的52周高點爲144.30美元，52周低點爲1.05美元。