Digital marketing firm emerges from bankruptcy, names new executive

St. Petersburg-based Catalina reduced its debt from $1.9 billion to $276 million as a result of restructuring.

  • By Business Observer Staff
  • | 2:39 p.m. February 21, 2019
  • | 0 Free Articles Remaining!
Catalina CEO Jerry Sokol. Courtesy photo.
Catalina CEO Jerry Sokol. Courtesy photo.
  • Tampa Bay-Lakeland
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ST. PETERSBURG — Catalina, a digital marketing and advertising firm, has successfully emerged from Chapter 11 bankruptcy proceedings.

According to a press release, the financially restructured St. Petersburg company has reduced its debt from $1.9 billion to $276 million, a decrease of 85%.

 

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