Knight Energy Holdings and Affiliates Enter into Restructuring Support Agreement in Conjunction with Financial … – Business Wire (press release)

Restructuring

LAFAYETTE, La.–(BUSINESS WIRE)–Knight Energy Holdings, LLC (Knight or the Company) and its operating affiliates announced today that they have signed a Restructuring Support Agreement (RSA) with certain debt holders representing over 87% of the Companys Senior Secured Credit Facility due 2018 in conjunction with its voluntary filing of a pre-negotiated Chapter 11 petition today in…

Telstra partner enters administration after commission structure revamp – ARNnet

Liquidation

Telstra partner, Interactive Telecoms, has gone into voluntary administration after the company was hit by financial difficulties arising from ongoing changes in the way Telstra structures its commissions for licensed retailers. According to the companys former business development manager, Andrew Wulff, the changes to the commission structure – which sees the telco remunerate licensed retailers…

Hilton Seskin confirms purchase of Municipal building at 164 Hunter Street – Newcastle Herald

Liquidation

FASHION SAVVY: Hilton Seskin, left, is a veteran retailer behind Glue, Topshop and JD Sports outlets. Picture: Louie Douvis, Priscillas modelling agency A retail mogul who brought the Topshop label to Australia has been revealed as the mystery buyer of a historic building in Hunter Street mall. The Newcastle Herald has confirmed Hilton Seskin, a fashion industry veteran and…

‘It won’t happen overnight’: Valeant eyes new products amid slow restructuring – Financial Post

Restructuring

Still grappling with its towering debt, Valeant Pharmaceuticals International Inc. on Tuesday focused on promoting several new consumer health products that the company hopes will reinvigorate its shrunken cash flows. Management at the Laval, Quebec-based company have been undergoing a dramatic restructuring of the company following a product pricing scandal, selling billions in assets and…

Online bookies to face credit offer ban – SBS

Gambling

Human Services Minister Alan Tudge is confident sweeping reforms will pass parliament, banning online gambling sites operating in Australia from offering lines of credit to their customers. The legislation is expected to pass the Senate on Wednesday. “Importantly (it) bans the online gambling companies from offering lines of credit to their customers which gets people…