Toys”R”Us also announced that it is pursuing a going concern reorganization and a sale process for its Canadian and international operations in Asia and Central Europe, including Germany, Austria and Switzerland. The Company’s international operations in Australia, France, Poland, Portugal and Spain are considering their options in light of this announcement, including potential sale processes…
Bankrupt Toys ‘R’ Us is preparing to sell or close all 885 stores in its US chain, risking up to 33,000 jobs, after failing to reach a deal to restructure billions of dollars in debt, a person familiar with the matter said on Wednesday. With shoppers flocking to online platforms like Amazon.com and children choosing electronic…
By Jessica DiNapoli Corporate America’s undertakers prepare for feast after lean years NEW YORK (Reuters) – As the era of cheap money gradually draws to a close and rising inflation and interest rates cast a shadow over Wall Street’s nine-year bull market, one corner of the financial industry is cheering.Debt restructuring experts are gearing up…
March 14, 2018, 10:07 AM · The Walt Disney Company announced a corporate restructuring today that will give Parks and Resorts Chairman Bob Chapek control over more parts of the company. Under the restructuring, which takes effect immediately, Disney now has four main units: the movie studio, the TV networks, parks…
FILE PHOTO: Company logo of Noble Group at headquarters in Hong Kong Thomson Reuters By Anshuman Daga SINGAPORE (Reuters) – Commodities trader Noble Group has finalized a restructuring agreement with a group of senior creditors holding 46 percent of its debt, and is in talks with others, as it races to launch a deal crucial…
By Anshuman Daga Noble Group clinches restructuring deal with group of creditors SINGAPORE (Reuters) – Commodities merchant Noble Group <NOBG.SI> has finalised a restructuring agreement with a group of senior creditors holding 46 percent of its debt, and is in talks with others, as it races to launch a deal crucial to its survival. The…
SINGAPORE (Reuters) – Commodities merchant Noble Group (NOBG.SI) has finalised a restructuring agreement with a group of senior creditors holding 46 percent of its debt, and is in talks with others, as it races to launch a deal crucial to its survival. FILE PHOTO: The company logo of Noble Group is seen at its headquarters…
(Repeats for wider distribution) By Jessica DiNapoli NEW YORK, March 14 (Reuters) – As the era of cheap money gradually draws to a close and rising inflation and interest rates cast a shadow over Wall Streets nine-year bull market, one corner of the financial industry is cheering. Debt restructuring experts are gearing up for a…
HOUSTON, March 14, 2018 (GLOBE NEWSWIRE) — EV Energy Partners, L.P. (NASDAQ:EVEP) and its subsidiaries (collectively, “EVEP” or the “Company”) today announced that the Company entered into a restructuring support agreement (“RSA”) with certain holders of approximately 70% of its 8.0% senior notes due 2019 (the “Senior Notes”) and lenders holding approximately 94%…
With today’s far-reaching measures, the Commission is delivering on the Council’s Action Plan to address the high stock of NPLs and prevent their possible future accumulation. It builds on ongoing efforts by Member States, supervisors, credit institutions and the EU: this has led to stocks of NPLs declining in recent years across banks and EU…