BigBear.ai to Strengthen Balance Sheet Through Significant Debt Reduction

MCLEAN, Va.--(BUSINESS WIRE)--BigBear.ai (NYSE: BBAI) (the "Company†), a leading provider of mission-ready artificial intelligence solutions for national security, today announced a move that will provide a significant improvement to its balance sheet following the successful reduction of the majority of its outstanding convertible debt. The Company has issued a notice to holders of the Company's 6.00% Convertible Senior Secured Notes due 2029 (the "Notes†) calling for redemption (the "Redempti. ...