“The closing of the recapitalization with Oaktree marks an important turning point for Pulse,” continued Mr. Faison. “Not only did it achieve our goals of improving liquidity, addressing the looming maturity of our previous credit facility, and reducing cash debt service costs, it also allows the focus of our organization to return to improving operational performance and renewing revenue and profit growth. I am extremely proud of the way Pulse employees around the world continued to focus on the objectives of our core business during the weak market and economic environment and resulting financial stress on our company over the past two years. The situation was clearly a distraction to everyone and severely constrained our resources. With the recapitalization behind us, I am more confident than ever that the commitment of our people to technology leadership and serving our customers paints a bright future for Pulse.”Fourth Quarter Operating Performance
Pulse Electronics Corporation Reports Fourth Quarter Results
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