Crypto kiosk operator Coinstar is being sold in a deal that will clear its debt in one sweep

Coinstar is being sold in a deal that will clear its debt in one sweep. The coin-exchange and crypto kiosk operator, owned by Apollo Global Management, has agreed to a surprise sale that triggers a full bond repayment next month. According to Bloomberg, people familiar with the matter allegedly say the buyer is tied to Alaska Native investments from the far north of the state. The transaction has not been made public before. The buyer is Arctic Slope Regional, a company created in 1972 after a US government settlement with Indigenous residents of Alaska. Debt repayment clears path as Alaska Native company takes control As part of the takeover, the new owner will repay more than $750 million in principal, plus all accrued interest, in early January. A private notice sent to bondholders confirmed the timeline, according to Bloomberg. The bonds involved in the Coinstar deal are structured as whole...

https://www.cryptopolitan.com/coinstar-headed-to-alaska-buyer/