Nasdaq-listed Ebix Inc has filed for Chapter 11 chapter safety in Northern Texas, based on a Bloomberg report citing court docket submitting.
Its estimated liabilities stand at $500 million-$1 billion, whereas its estimated belongings are additionally at $500 million-$1 billion.
Ebix has to repay a big chunk of a $600 million credit score facility. The deadline, after a number of extensions up to now two years, now ends on December 18.
In view of this, Ebix’s future seems to be unsure.
(This is a creating story)
