The Australian government is stepping up its financial support for troubled regional carrier REX Airlines. On January 23, 2025, it became known that the Australian administration is allocating A$50 million (around US$31.3 / €30.1 million) to purchase guaranteed debt from the airline’s largest creditor, PAGAC Regulus Holdings (PAG), a private equity firm. As a result,…
CLEO Energy Corp. (“CLEO” or the “Company”) has filed a Notice of Intention to Make a Proposal (the “NOI”) pursuant to section 50.4 (1) of the Bankruptcy and Insolvency Act (the “BIA”) and Alvarez & Marsal Canada Inc. (“A&M”) is acting as Proposal Trustee of CLEO for the NOI process. A sale and solicitation process…
LONDON – SVM UK Emerging Fund PLC, a UK-based investment firm, announced today that its Board of Directors has decided to proceed with a Members’ Voluntary Liquidation ( MVL (NSE:)) following a comprehensive review of the company’s future options. The decision, which aims to realize the company’s investments and return cash to shareholders, comes ahead…