Bloomberg Technology | CDK Debt Prices Splinter After Failed Challenge to Creditor Pact by Reshmi Basu

AI generated summary, Read the full article for complete information.

At Brookfield Business Partners‑backed CDK Global, a rare attempt by one group of creditors to challenge another has disrupted the market for the software firm’s roughly $5.5 billion debt. Late last week a faction of CDK’s creditors tried to forge a “cooperation pact” to counter an existing coalition of lenders that includes Pacific Investment Management Co., BlackRock Inc. and Blackstone Inc., according to sources.

Read more: https://www.bloomberg.com/news/articles/2026-04-28/cdk-debt-prices-splinter-after-failed-challenge-to-creditor-pact

#ReshmiBasu #Brookfield #CDKGlobal #PacificInvestment #BlackRock

🎉 Our 400th edition of the Automotive Supply Chain Risk Digest! https://go.elmanalytics.com/400M
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This week's coverage includes: #automotive #automotiveindustry #auto #BMW #CATL #CDKGlobal #EV #Forvia #Hella #IBM #ILJIN #Ineos #ILA #Kia #Linamar #Recaro #riskmanagement #Schaeffler #Stellantis #supplychain #supplychainmanagement #Tesla #Toyota #Volkswagen #Vitesco

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CDK suffered another data breach as it was attempting to recover

Car dealer software provider CDK has allegedly suffered a second cyberattack - as it was trying to recuperate from the first one.

Many major car dealerships in the United States have been paralyzed, not being able to sell or service vehicles properly

#CDKGlobal #databreach #cyberattack #automotive #auto #cars #security #cybersecurity #hackers #hacking #Hacked

https://www.techradar.com/pro/security/cdk-suffered-another-data-breach-as-it-was-attempting-to-recover

Car and truck dealers fall back on pen and paper as huge SaaS provider gets hacked (again).

#CDKGlobal, by far the biggest provider of dealer management software for the U.S. auto trade, has suffered two crippling hacks in the same week. The services are down again and its customers aren’t happy.

The software-as-a-service provider isn’t saying much, but it smells just like a #ransomware attack. In #SBBlogwatch, we need to go discuss this with our manager real quick. At @TechstrongGroup’s @SecurityBlvd: https://securityboulevard.com/2024/06/cdk-global-hack-richixbw/?utm_source=richisoc&utm_medium=social&utm_content=richisoc&utm_campaign=richisoc

Car Dealerships Across US Halt Services After Cyberattack

Thousands of car dealerships were ground to a halt during a normally busy holiday Wednesday by a cyber incident at CDK Global, a major software provider for dealers across the US.

#CDKGlobal #cyberattack #automotive #auto #cars #security #cybersecurity #hackers #hacking #Hacked

https://www.bloomberg.com/news/articles/2024-06-19/cyberattack-hits-software-provider-for-car-dealers-across-the-us

US car dealerships back to pen and paper after a cyberattack⤵️
#US #CDKGlobal #cyberattack #cybersecurity #infosec #automotive

https://cnews.link/cdk-global-cyberattack-car-dealerships/