Brentley Bullock was quoted in an Oregonian article, "Hillsboro-based Fortior, formerly called SureID, restructures through Bankruptcy," regarding Fortior's debt and restructuring.
Fortier will discharge most of its debt into a newly created company called Advance Science Technologies, according to Brentley Bullock of Perkins Coie, the law firm that represented the company through the process.
He said Goldman Sachs will take ownership of the new company and nearly $40 million in debt. That will leave Fortier with $20 million in debt going forward.
"It's a much healthier business than it was before," Bullock said.