APC Automotive Technologies Enters Comprehensive Restructuring Support Agreement with Debt and Equity Holders – Olean Times Herald

Restructuring

LITTTLETON, Colo.–(BUSINESS WIRE)–Jun 3, 2020– APC Automotive Technologies, LLC, together with certain of its subsidiaries, (APC or the Company), today announced that it has entered into a comprehensive Restructuring Support Agreement (the RSA) with key stakeholders, including its asset-based lenders, 74% of its term loan lenders that are eligible to vote, and significant financial sponsors…

Leclanché ‘requires restructuring to overcome balance sheet situation’ and pivots business models – Energy Storage News

Restructuring

Published: 2 Jun 2020, 15:28 Leclanch is undergoing a strategic reorganisation of the company and said it has secured funding for its manufacturing and R&D activities while also announcing a pivot towards becoming a green tech software and systems integration company. After first revealing that the reorganisation would be forthcoming in September of last year,…

Matt Callaghan Joins FTI Consulting’s Corporate Finance & Restructuring Segment as Senior Managing Director – GlobeNewswire

Restructuring

June 02, 2020 04:00 ET | Source: FTI Consulting, Inc. LONDON, June 02, 2020 (GLOBE NEWSWIRE) — FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of Matt Callaghan as a Senior Managing Director in the firms Corporate Finance & Restructuring segment in London, where he will lead the UK mid-market and insolvency offering. Mr…

Grant Broadcasters to restructure digital business under new GM – mUmBRELLA*

Restructuring

Independent media business Grant Broadcasters is preparing for a restructure of its digital assets, appointing new group general manager digital Bianca Shugg to oversee the operation. A newly re-formed digital leadership group, constructed of four different verticals, will now report to Shugg who joined the company in January from Southern Cross Austereo (SCA) and began…

Leading European restructuring lawyer Matthew Czyzyk joins Ropes & Gray’s business restructuring group in London – PRNewswire

Restructuring

A leading special situations and restructuring lawyer, Matt has broad experience acting for a wide range of stakeholders, including debtors, banks and alternative capital providers. He has advised on transactions across the credit spectrum, including cross-border and domestic financial restructurings, lending transactions, and distressed and recovery situations. Matt joins one of the world’s leading restructuring…

Brex lays off 62 employees amid ‘restructuring’ – Banking Dive

Restructuring

Dive Brief: Credit card startup Brex laid off 62 employees as the company restructures over the impact of the coronavirus pandemic, co-founders Pedro Franceschi and Henrique Dubugras announced in a blog postFriday. The layoffs make up about 17% of the Silicon Valley-based fintech’s total workforce, according to a Pitchbook estimate, cited by Business Insider. Brex,…

SHARC International Completes Balance Sheet Restructuring Canadian Stock Exchange:SHRC.CN – GlobeNewswire

Restructuring

June 01, 2020 09:15 ET | Source: SHARC International Systems Inc. VANCOUVER, British Columbia, June 01, 2020 (GLOBE NEWSWIRE) — SHARC International Systems Inc. (CSE: SHRC) (FSE: IWIA) (OTCQB: INTWF) (“SHARC” or the Company) announces that on May 29th, 2020, further to its news release dated May 27, 2020, it has closed a non-brokered private…

Brex, the credit card for startups, cuts staff amid restructuring – Yahoo Finance Australia

Restructuring

Brex, last valued at $2.6 billion, is restructuring its credit card for startups business and cut 62 staff members, the co-founders Pedro Franceschi and Henrique Dubugras said in a blog post. “Today we’re restructuring the company to better align our priorities with this new reality, while simultaneously accelerating our product vision. With that, I have…