World Bank works on $2 billion guarantee to help refinance Argentina debt – Investing.com
World Bank works on $2 billion guarantee to help refinance Argentina debt Investing.com Read the original article here
Reps Approve N248.6bn Debt Relief As DisCos Liabilities Hit N1.3trn – Independent Newspaper Nigeria
0 The House of Representatives Public Accounts Committee has approved a N248.6 billion debt relief and restructuring package for Kano, Jos and Ikeja Electricity Distribution Companies (DisCos), as the total liabilities of power distribution firms climbed to N1.3 trillion. The committee’s decision followed the adoption of a report by its technical subcommittee, which reviewed findings…
Descon-Adcon Creditor Deal Cancelled After ATO Court Case
A deal proposed for the creditors of a group of collapsed construction companies belonging to Descon’s Danny Isaac has been struck down by the Federal Court of Australia. A court case heard by Justice Cameron Moore last month—the outcome of which was published last week—dealt with an arrangement to wind down three Adcon Group companies. …
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Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…
Bruno Mars finally addresses his gambling debt rumors – MSN
Bruno Mars finally addresses his gambling debt rumors MSN Read the original article here
R200 million lifeline for South African sugar giant facing liquidation – Daily Investor
Tongaat Hulett’s liquidation hearing has been postponed after a deal was reached between the sugar giant’s business rescue practitioners and the Industrial Development Corporation (IDC). This deal relates to the Post-Commencement Funding (PCF) facility between the IDC, Tongaat and its business rescue practitioners. A PCF facility is funding secured by a business rescue practitioner for…
Reports: Spirit Airlines faces liquidation risk amid rising fuel costs driven by war with Iran – Sun Sentinel
Spirit Airlines’ exit from bankruptcy appears to be in jeopardy amid multiple reports that its liquidation could be near as the result of spiraling war-driven fuel prices. A Wednesday hearing in U.S. Bankruptcy Court in New York designed to win approval of the airline’s reorganization plan was adjourned until April 23, according to court records.…
South African industry giant saved from liquidation – for now – BusinessTech
Tongaat Hulett’s liquidation proceedings have been halted after the company received further funding, allowing it to extend its business rescue proceedings. The company was set to enter liquidation proceedings, but it received an extension of the Post-Commencement Funding (PCF) facility from the Industrial Development Corporation (IDC). The facility has been extended to 30 June 2026…
Tongaat Hulett liquidation avoided after government provides R200-million lifeline
Tongaat head office stripped of expensive paintings and antiques ahead of a possible visit by liquidators. Photo supplied. Tongaat Hulett escaped liquidation on Thursday after the Industrial Development Corporation (IDC) agreed to increase its funding to R2.5-billion, allowing mills to open and 3.8 million tons of cane to be processed. More than 18,000 growers –…