Category Archives: Restructuring

A. M. Castle & Co. Announces Commitment Letters for Post-Restructuring and Debtor-In-Possession Credit Facilities – GlobeNewswire (press release)

OAK BROOK, Ill., June 05, 2017 (GLOBE NEWSWIRE) — A. M. Castle & Co. (OTCQB:CASL) (the Company or Castle), a global distributor of specialty metal and supply chain solutions, today announced that it has executed commitment letters with PNC Bank, National Association for (1) a $125 million senior-secured, revolving credit facility (the New ABL Facility) that…

Dana Gas Names Advisers for $700 Million of Islamic Debt … – Bloomberg

Dana Gas PJSC named legal and financial advisers to assess options for about $700 million in Islamic bonds due in October, according to a person with knowledge of the situation. Houlihan Lokey Inc. will serve as financial adviser and Squire Patton Boggs LLP will provide legal counsel, according to the person, who asked not be…

Confident BHP shuns shale, eyes potash after restructuring – Nikkei Asian Review

MELBOURNE — As it celebrates 50 years of business with Japan, BHP Billiton mulls the future after four years of restructuring that left “a stronger, simpler company”, according to Chief Executive Officer Andrew Mackenzie. In a wide-ranging interview, The Nikkei spoke with the CEO about BHP’s proposed divestments, possible growth areas and Elliott International’s failed proposal to…

Mill jobs to go – Wangaratta Chronicle

SPEED: Australian Textile Mills chief executive Geoff Parker and factory manager John OConnor last month welcoming the efficiency potential of newly-commissioned, Italian-made Somet looms. PHOTO: Emma Hillier AUSTRALIAN Textile Mills (ATM) is seeking voluntary redundancy applications from 20 of its Wangaratta factory staff and will change some of the ways in which it makes its…

StanChart completes 2-year restructuring and sets sights on expansion – South China Morning Post

Standard Chartered has completed a 2-year restructuring process, according to regional chief executive Ben Hung Pi-cheng, which has seen the successful sell-off or closure of a number of non-profitable units. In an interview with South China Morning Post, Hung insisted it is now in a strong position to look at expansion, with the focus on…

Cosco plans major restructuring – Splash 247 – Splash 247

June 2nd, 2017 Jason Jiang Greater China, Operations 0 comments China Cosco Shipping Holdings has further extended its stock trading suspension today, following a trading suspension by the company since May 17. The Chinese shipping conglomerate has confirmed that it is planning a major asset restructuring and there are still lots of uncertainties in the…

Talvivaara Mining Company Plc: The District Court of Espoo confirmed Talvivaara’s Corporate Restructuring Programme – Nasdaq

Stock Exchange ReleaseTalvivaara Mining Company Plc2 June 2017 The District Court of Espoo confirmed Talvivaara’s Corporate Restructuring Programme – the development of Talvivaara’s new businesses and acquiring finance continues Talvivaara Mining Company Plc (“Talvivaara” or the “Company”) announces that the District Court of Espoo has today 2 June 2017 given its ruling and…

CNBC-TV18 Excl: Here’s how N Chandra is planning to restructure Tata Group – Moneycontrol.com

Jun 01, 2017 11:13 AM IST | Source: CNBC-TV18 As Chandra, completes 100 days in office, CNBC-TV18 learns that he is in process of finalising a structure for the group where all companies will be divided into clusters based on sectors. N Chandrasekaran, the newly-appointed chairman of Tata Group, is planning a massive restructuring exercise…

Barclays sells £2.2bn stake in African business – Telegraph.co.uk

Barclays has offloaded a stake worth about £2.2bn in its African business as it presses ahead with boss Jes Staleys plan to streamline the bank and focus it on Britain and the US. The FTSE 100 giant has sold a 34pc chunk of Barclays Africa after securing approval for the disposal from the South African government. The deal…

After Fitch downgrades RCom, banks to discuss debt restructuring – Hindustan Times

Just days after Fitch downgraded Anil Ambani-owned Reliance Communications (RCom) saying loan default is a real possibility, lenders will meet on Friday to discuss restructuring proposals for the debt-ridden firm. The restructuring proposals could look at all available recast tools like corporate debt restructuring (CDR), strategic debt restructuring (SDR) and Scheme for Sustainable Structuring of…