CARACAS, Venezuela — Meet the team in charge of the most complex bond restructuring in recent history: a former military officer, a one-time geography professor, two engineers, a minister under sanctions for alleged corruption and an alleged drug kingpin. Continue Reading Below As the country runs out of cash, Venezuelan President Nicolás Maduro last week…
CHESTERBROOK, Pa.–(BUSINESS WIRE)–The J.G. Wentworth Company (together with its consolidated subsidiaries, the Company) (OTCQX: JGWE) today announced an agreement, with lenders (the Lenders) holding over 87% of the aggregate principal amount outstanding under the Companys $449.5 million senior secured credit facility (the Credit Facility), to significantly deleverage the Company. The agreement, under which current Lenders…
Share price of Aegion CorporationAEGN scaled a new 52-week high of $27.19 on Nov 8, eventually closing tad lower at $27.11. The company surged 23.6% in a year, higher than the S&P 500’s gain of 16.5% as well the broader industry ‘s increase of 18.7%. The company has a market capitalization of $882 million. Earnings…
With the continual development of new technology, rapid changes in the global economy, the constant threat of competition and a slowing local market, many companies are faced with the challenge of restructuring their business operations in China in order to cope with these new changes. Such restructurings may include: converting a Sino-foreign joint venture into…
A user works out with the Samsung Gear Sport through a fitness program connected to a TV. SAMSUNG ELECTRONICS Digital health care is possibly a new sector where Samsung could find a sea of new business opportunities in a world with tech-savvy, aging populations. Moving beyond providing electronic parts and devices, Samsung Electronics with a…
A file photo of Sanjay Lalbhai, chairman and managing director, Arvind Ltd. Photo: Jaydip Bhatt/Mint Mumbai: Arvind Ltd will demerge and publicly list its branded apparel and engineering businesses to focus better on its core textiles business, the company said on Wednesday. Once the restructuring is complete, Arvind Ltd will hold the textiles business, Arvind…
As Royal Bank of Scotland has been buffeted by outrage from politicians and victims of its scandal-hit restructuring unit in recent weeks, it has at least seen a thin silver lining. A summary of a regulatory report into the Global Restructuring Group published last month revealed the intentional mistreatment of thousands of small and medium-sized…
REUTERS/Carlos Garcia Rawlins President Nicolas Maduro announced Venezuela will look to restructure its US$89 billion worth of debt to be able to continue servicing it. Forecasts about what will happen next are all pessimistic. By the end of next year, the government and state-owned PDVSA must repay debt obligations to the tune of $13 billion,…
November 8, 2017 Javier Espinoza, Private Capital Correspondent Listen to this article Play audio for this article Pause 00:00 00:00 This is an experimental feature. Give us your feedback. Thank you for your feedback. What do you think? Ill use it in the future I dont think Ill use it Please… Read the full article…
One executive was convicted of filing false tax returns, another for obstructing justice and a third accused of selling unregistered stock. But three tiny companies with ties to the executives have now gone public in the U.S. in what may just be the zaniest little market on Wall Street: mini-IPOs. These companies — just seven so…