Global Cloud Xchange forbearance agreement extended

Global Cloud Xchange (GCX) has announced that the July 31, 2019, forbearance agreement that was entered into by 87 percent of its bondholders has been further extended until 5:00pm (EDT) on September 13, 2019, the company said.

The extension provides additional time to discuss options related to the USD 350m 7.00% Senior Secured Notes issued by GCX Limited

Global Cloud Xchange (GCX), a subsidiary of Reliance Communications, offers a comprehensive portfolio of solutions customized for carriers, enterprises and new media companies. GCX owns the world´s largest private undersea cable system spanning more than 68,000 route kms which, seamlessly integrated with Reliance Communications´ 200,000 route kms of domestic optic fiber backbone, provides a robust Global Service Delivery Platform.