28 March 2018 Bonnier Publishing has announced it is restructuring its business in Australia, with the majority of staff at Bonnier Publishing Australia to enter into redundancy consultation. In a statement released on 27 March, Bonnier Publishing, the publishing arm of Swedish media company Bonnier Group, said the restructure is in response to changing market…
CRANBERRY TOWNSHIP, Pa.–(BUSINESS WIRE)–Westinghouse Electric Company today obtained approval from the U.S. Bankruptcy Court for the Southern District of New York (the Court) of the companys plan of reorganization (the Plan). The Courts approval of the Plan is a significant milestone in the companys strategic restructuring, which involves its previously announced sale to Brookfield Business…
Futures markets have been tossed around by weather concerns for the US Hard Red Winter wheat crop, and the South American corn and soybean crops, for some weeks now. Last week we added uncertainty about a trade war between China and the US into the mix, as well as speculation about longer term interest rate…
As SEG announced on March 15, 2018, SEG entered into an RSA with a group of creditors collectively holding 80% of its 8.625%/9.375% Senior PIK Toggle Notes due September 2018 and its private equity sponsor regarding the terms of a comprehensive financial restructuring that will position SEG for long-term financial health. SEG will continue operating…
JACKSONVILLE, Fla., March 27, 2018 /PRNewswire/ — Southeastern Grocers (“SEG” or “the Company”) today announced that, as contemplated under its previously announced Restructuring Support Agreement (“RSA”), it has commenced voluntary cases under Chapter 11 of the United States Bankruptcy Code with the United States Bankruptcy Court for the District of Delaware to implement the pre-packaged plan…
Futures markets have been tossed around by weather concerns for the US Hard Red Winter wheat crop, and the South American corn and soybean crops, for some weeks now. Last week we added uncertainty about a trade war between China and the US into the mix, as well as speculation about longer term interest rate…
GenOn Energy, a unit of NRG Energy that filed for bankruptcy in June 2017, said it has agreed to sell two units of the Canal Generating Plant to Stonepeak Kestrel, a subsidiary of Stonepeak Infrastructure Partners, a private equity firm with offices in New York City and Houston, Texas. The Canal plant in Sandwich, Massachusetts,…
March 26, 2018 ComfortDelgro Savico Taxi, a joint venture of Saigon General Service Corporation (Savico) and Singapores largest taxi operator ComfortDelGro, has suspended its business to preserve funds and restructure its taxi-related business in the wake of competition from rivals. In an announcement on Ho Chi Minh City Stock Exchange, the joint ventures said that…
MADISON, N.C.–(BUSINESS WIRE)–Remington Outdoor Company (Remington or the Company), one of the worlds leading designers and manufacturers of firearms, ammunition, and related products, today announced achievement of a significant milestone in its comprehensive financial restructuring process. The Company today announced that it has filed a prepackaged plan of reorganization with the United States Bankruptcy Court…
Futures markets have been tossed around by weather concerns for the US Hard Red Winter wheat crop, and the South American corn and soybean crops, for some weeks now. Last week we added uncertainty about a trade war between China and the US into the mix, as well as speculation about longer term interest rate…