Category Archives: Restructuring

Five Star Senior Living Announces Restructuring of Business Arrangements with Senior Housing Properties Trust – Global Banking And Finance Review

Five Star Senior Living Inc. (Nasdaq: FVE), or Five Star, today announced that it has entered into a definitive agreement to modify its existing business arrangements with Senior Housing Properties Trust (Nasdaq: SNH). Five Star expects its current financial position and near-term liquidity challenges will be immediately improved because of the transaction. Key features of…

Southcross Energy Commences Chapter 11 Reorganization with $255 Million in Committed Financing – GlobeNewswire

DALLAS, Texas, April 01, 2019 (GLOBE NEWSWIRE) — Southcross Energy Partners, L.P. (OTCQX: SXEE) (Southcross or the Company) today announced that the Company and its subsidiaries have filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. Southcross expects to continue…

Will Restructuring At CG Power Ever Be Done? – BloombergQuint

CG Power and Industrial Solutions Ltd. restructured its business multiple times in the last six years, selling several of its assets including the crown jewel consumer appliances unit. But it continues to struggle with high debt. Yet, the maker of power transformers is now doing more of the same. The company, which contributes 65 percent…

Disney Gives Leadership Roles to Several Fox Staffers in Asia Reshuffle – Variety

The Walt Disney Company, whose acquisition of 21st Century Fox assets was finalized last month, is to keep several prominent Fox staff members in leading roles across Asia. However, at least one senior Fox executive in Asia is departing amid the restructuring. The decision to keep on multiple Fox executives appears to follow the logic…

Hexion Inc. Reaches Consensual Restructuring Agreement with Vast Majority of Its Creditors to De-Lever Balance Sheet – Global Banking And Finance Review

Hexion Inc. (Hexion or the Company) today announced that it has entered into a Restructuring Support Agreement (RSA) with the vast majority of holders of each of the Companys notes issuances, representing consensus across its capital structure, on the terms of a consensual financial de-leveraging plan (the Plan) that will strengthen the Companys financial position…

Canaccord Genuity to restructure its UK-based capital markets business – Reuters

(Reuters) – Canaccord Genuity Group Inc on Sunday said it will restructure its capital markets business in the United Kingdom, with uncertainty looming over the country as it prepares to exit from the European Union. The financial services company said the move is expected to result in significant job cuts in its London-based capital markets…

Canaccord Genuity to restructure its UK-based capital markets business – Reuters

(Reuters) – Canaccord Genuity Group Inc on Sunday said it will restructure its capital markets business in the United Kingdom, with uncertainty looming over the country as it prepares to exit from the European Union. The financial services company said the move is expected to result in significant job cuts in its London-based capital markets…

Canaccord Genuity to restructure its UK-based capital markets business – Reuters

March 31 (Reuters) – Canaccord Genuity Group Inc on Sunday said it will restructure its capital markets business in the United Kingdom, with uncertainty looming over the country as it prepares to exit from the European Union. The financial services company said the move is expected to result in significant job cuts in its London-based…

Perella Hires Two Top Goldman Restructuring Bankers – Bloomberg

SHARE THIS ARTICLE Photographer: Simon Dawson/Bloomberg Photographer: Simon Dawson/Bloomberg Perella Weinberg Partners LP is hiring Clinton Ray and Guy Morgan from Goldman Sachs Group Inc. to expand its European restructuring business, according to people familiar with the matter. The bankers will join the firm in London in June to advise new and existing clients on…

Ex-boss of RBS restructuring unit criticised over new role – Telegraph.co.uk

An MP has launched a scathing attack on the former boss of RBSs scandal-hit turnaround unit GRG, after finding out that he advises the standards organisation for restructuring practices. Derek Sach, who left RBS in 2015, chairs the International Association of Restructuring, Insolvency & Bankruptcy Professionals (Insol) lenders group and is named on the organisations…