TMM Is Holding Talks to Restructure Debt

TMM Inc., a Thousand Oaks provider of technology for CD-ROM and other video-based media, said it is holding discussions with its major lenders and preferred stockholders to renegotiate the terms of its outstanding debt and preferred stock.

The company said a debt restructuring would probably be contingent on an infusion of equity capital, and it is talking to potential investors.

Any deals would probably include the issuance of new stock, TMM said.