Aimbridge Reaches Agreement with Lenders to Right Size Balance Sheet and Significantly Strengthen Financial Position

Expects to Complete Balance Sheet Restructuring on an Expedited Basis Agreement with Lenders Converts More than $1.1 Billion in Debt to Equity and Infuses $100 Million in New Capital All Operations to Continue in the Normal Course; Ample Liquidity to Fulfill All Commitments to Associates,…