Rentpath enters asset purchase agreement with costar

Rentpath enters into asset purchase agreement with costar.rentpath- entered asset purchase agreement under which an affiliate of costar group has agreed to acquire rentpath.rentpath says will be commencing voluntary chapter 11 cases in u.s. bankruptcy court for district of delaware to facilitate a sale transaction.rentpath says proposed transaction with costar is subject to higher or otherwise better offers.rentpath-co entered restructuring support agreement supported by holders of over 75% of first and second lien debt, & its private equity sponsors.rentpath- if other qualified bids are submitted, company will conduct an auction.rentpath says has received a commitment for $74.1 million in debtor-in-possession financing from its existing lenders.
CSGP Ratings Summary
CSGP Quant Ranking