Catalina is implementing a plan to strengthen our business to better serve our customers and the world’s shoppers. We have reached an agreement with our lenders on a pre-packaged financial restructuring plan for our U.S. operations that will significantly enhance the company’s financial flexibility, reduce our debt by more than 75%, and position us for long-term success. The financial restructuring process represents a significant step forward in transforming our business because it enables us to accelerate investments in technology, advanced analytics, data science and talent to strengthen our core capabilities and enable new data-driven solutions for our customers. Retailers will continue to honor digital and print coupons provided by Catalina. Catalina’s operations outside of the U.S. are not part of the Chapter 11 filing and will not be affected by this process.
A Message to Our Valued Customers and Partners:
As we move through this process, Catalina is here for you. We remain focused on providing our customers with the highest level of service and results.
Catalina will continue serving our customers and partners without disruption as we move through this process. All our U.S. and international operations will continue as usual and without interruption throughout the financial restructuring process. It should be business as usual in terms of how we work together.
We remain focused on continuing to solve customer challenges, and we look forward to emerging from this process as an even stronger company, better positioned for the future.