Witnessed through the lens of a technology company, Kiwi SMEs appear to be going through three distinct stages post the Covid-19 lockdown the ‘work from home’ stage, the ‘do more with less staff’ stage and the ‘re-invent service offerings’ stage but there are fears they may be trying to change too much, too quickly. Hamish…
Updated 1 hour ago LITTTLETON, Colo.–(BUSINESS WIRE)–Jul 24, 2020– APC Automotive Technologies, LLC, together with certain of its subsidiaries, (APC or the Company), today announced that it has successfully implemented the debt restructuring set out in the Restructuring Support Agreement with its asset-based lenders, term loan lenders, and significant equity holders, following confirmation of the…
Saturday, 25 July 2020, 6:22 amPress Release: OneHQ Witnessed through the lens of a technology company, Kiwi SMEs appear to be going through three distinct stages post the Covid-19 lockdown the ‘work from home’ stage, the ‘do more with less staff’ stage and the ‘re-invent service offerings’ stage but there are fears they may be…
SANTA CLARITA, Calif.–(BUSINESS WIRE)–California Resources Corporation (OTC: CRCQQ) announced today that it has entered into an amended and restated Restructuring Support Agreement with approximately 85% of the holders of its term loans due 2017 and 68% of the holders of its unsecured and deficiency debt claims. Reflecting this consensus, CRC has filed a plan of…
Steve Jackson Innocean executive creative director Steve Jackson is departing the agency as part of a wider restructure. Jackson has been with the agency, which has clients such as Hyundai and Kia, since early 2017 and has also previously worked at DDB and Droga5 as creative director. He leaves Innocean due to a restructure as…
July 23, 2020 17:30 ET | Source: Euro Manganese Inc. VANCOUVER, British Columbia, July 23, 2020 (GLOBE NEWSWIRE) — Euro Manganese Inc. (TSX-V / ASX: EMN) (the “Company” or “EMN“) announced today that, further to its announcement of July 6, 2020, it has commenced the restructuring of the Companys board of Directors (the “Board“). Effective…
July 23, 2020 09:06 ET | Source: MariMed Inc. Closes $13.0 million mortgage-backed refinancing at 6.5% Retires $7.3 million of short-term higher rate debt Revenues and cash flow from consolidated cannabis operations continue to increase NORWOOD, Mass., July 23, 2020 (GLOBE NEWSWIRE) — MariMed Inc. (OTCQX: MRMD) (the Company or MariMed), a leading multi-state cannabis…
MAN Energy Solutions has announced the launch of what it calls a comprehensive program to ensure the future viability of the company. It stated that extensive cost-cutting and restructuring measures are the necessary next steps on the way to the companys transformation into a solutions provider for sustainable energy supply. In addition, the company is…
July 23, 2020 06:07 ET | Source: ascena retail group, inc. Restructuring Support Agreement Supported by Over 68% of Secured Term Lenders; Files Voluntary Chapter 11 Petitions to Implement Financial Restructuring Plan COVID-19 Pandemic Disrupted Meaningful Progress Underway to Optimize Balance Sheet and Accelerated Need for Proactive, Strategic Step Forward to Protect the Business for…
German propulsion and machinery giant MAN Energy Solutions has announced a comprehensive program to secure the future viability of the company. The program includes extensive cost-cutting and restructuring measures that could see almost 4,000 jobs lost. MAN says it is preparing for a long period of stagnant sales as a result of Covid-19, and sees…