Catalina, one of Tampa Bay's largest private companies, is contemplating bankruptcy
Rumblings about whether local marketing company Catalina is headed for bankruptcy have heated up.
One of the largest privately owned companies in the Tampa Bay area, Catalina is often remembered for doling out cash register coupons. Now, it uses data to help its clients turn shoppers into buyers and boost consumer loyalty.
The company has said in the past that it was working to restructure its balance sheet as it makes the transition to being more digitally focused, though it has not said anything about bankruptcy.
Bloomberg Law, however, reported in late November that executives with Checkout Holding Corp., Catalina's official corporate name, were preparing "to file for bankruptcy before the end of the year to lighten its debt load of about $1.8 billion."
Read more: http://www.tampabay.com/business/reports-catalina-one-of-tampa-bays-largest-private-companies-is-contemplating-bankruptcy-20181210/