American titles-supported LaserShip Inc. reached a debt restructuring deal with some creditors that would provide fresh cash, reduce debt and reorganize the repayment line in the latest such proposal from troubled debtors.

Under the plan, the troubled package delivery company would receive about $300 million, which would be a higher amount in the repayment line than existing loans, according to people with knowledge of the situation who asked do not identify yourself when discussing a private matter.