DynaVox to explore financial and strategic alternatives

theflyonthewall.com

DynaVox announced that the company has engaged Bulger Partners to advise the company on strategic alternatives, including identifying and evaluating potential business combination transactions and refinancing structures. DynaVox and its lenders have entered into a forbearance agreement and amendment to its $15M senior secured credit agreement to address the company's present default, which will allow the company to explore and develop strategic alternatives. DynaVox intends to continue with its operations in the ordinary course and expects no impact on its customers, vendors, or employees as it works with Bulger to identify and pursue potential business combination transactions, refinancing structures and other strategic alternatives.

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