2u (TWOU) files voluntary "prepackaged" Chapter 11

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Go back to 2u (TWOU) files voluntary "prepackaged" Chapter 11

2U Takes Strategic Action to Significantly Strengthen Balance Sheet and Position Company for Innovation and Growth

July 25, 2024 1:22 AM EDT

Company enters into agreement with its debtholders to eliminate over 50% of its debt and infuse approximately $110 million of new capital into the business, enabling 2U to invest further in its mission

All educational programs and services to continue seamlessly with no interruption for partners or learners

LANHAM, Md., July 25, 2024 /PRNewswire/ -- 2U,... More