3/9/2018 ABERDEEN — Energy services company Proserv has entered into a restructuring agreement with its principal lenders which will strengthen the long term financial structure of the company. The agreement will result in up to $50 million of fresh capital being injected in to the business and will see existing lenders…
(Adds details on results, context on restructuring, accounts review) March 9 (Reuters) – SIG Plc on Friday posted a 4.3 percent rise in full-year pretax profit, helped by strong demand in Europe amid a restructuring turnaround in several of its businesses. SIG, which supplies insulation and roofing products, said underlying pretax profit rose to 79.2…
by Rigzone Staff | Friday, March 09, 2018 Aberdeen-headquartered energy services firm Proserv enters into a restructuring agreement with its principal lenders, which it says will ‘strengthen the long term financial structure of the company’. Aberdeen-headquartered energy services firm Proserv has entered into a restructuring agreement with its principal lenders, which it says will strengthen…
Corporate restructuring at Dunnes Stores now complete BelfastTelegraph.co.uk Dunnes Stores has finished a major corporate restructuring process by assimilating 40 individual companies into a principal entity within the group. https://www.belfasttelegraph.co.uk/business/uk-world/corporate-restructuring-at-dunnes-stores-now-complete-36680874.html https://www.belfasttelegraph.co.uk/business/news/article36681820.ece/1d5eb/AUTOCROP/h342/DunnesStores.jpg Email Dunnes Stores has finished a major corporate restructuring process by assimilating 40 individual companies into a principal entity within the group. The move…
(Adds details on restructuring, dividend, job cuts) By Radhika Rukmangadhan March 8 (Reuters) – Countrywide Plc, Britains largest estate agency, posted a 22.5 percent drop in full-year core earnings on Thursday and said it cut about a third of jobs at its head office in London as part of an ongoing restructuring of its main…
SEOUL (Reuters) – South Korea announced on Thursday that it would offer about 240 billion won ($224.72 million) in loan guarantees and low-interest loans to regions hit by corporate restructuring, including the area of the local unit of General Motors (GM.N) soon-to-be-shut factory. FILE PHOTO: The main gate to GM Korea’s Gunsan factory is seen…
SEOUL (Reuters) – South Korea announced on Thursday that it would offer about 240 billion won ($224.72 million) in loan guarantees and low-interest loans to regions hit by corporate restructuring, including the area of the local unit of General Motors’ <GM.N> soon-to-be-shut factory. A total of 395 subcontractors, small business owners and workers of Gunsan…
Univision Communications is preparing for a restructuring and a change at the top as the company confirmed CEO Randy Falco is preparing his exit, just four months after he signed a two-year contract extension. Word of Falcos plan to retire comes one day after Univision acknowledged that it has tabled plans for the IPO that…
DALLAS–(BUSINESS WIRE)–Omega Healthcare Investors, Inc. (NYSE:OHI) (the Company or Omega) today announced that its tenant, 4 West Holdings, Inc. (Orianna) and certain of its affiliates (the Debtors), commenced voluntary Chapter 11 proceedings in the United States Bankruptcy Court for the Northern District of Texas, Dallas Division. The action is styled In re 4 West Holdings,…
STAMFORD, Conn., March 7, 2018 /PRNewswire/ — Cenveo, Inc. (OTCPK: CVOVQ) (the “Company”), a diversified manufacturer of print-related products including envelopes, custom labels, commercial print, and publisher solutions, today announced that the U.S. Bankruptcy Court for the Southern District of New York, White Plains has given final approval of the Company’s $290 million debtor-in-possession (“DIP”)…