Reader’s Digest CEO: It’s time for a haircut

Just a little off the top, please. Reader’s Digest Association CEO Robert Guth is asking bondholders to take a 5 percent haircut on its senior debt. Nearly $60.7 million has been earmarked for the tender offer. The company said yesterday that it was giving bondholders until June 14…

Leave a Reply

Your email address will not be published. Required fields are marked *