The Company expects to continue operations as usual and has obtained a commitment for $85 million in new debtor-in-possession (“DIP”) financing from a group of its first lien lenders. Subject to Bankruptcy Court approval, this DIP financing, combined with cash generated by the Company, is expected to provide more than adequate liquidity to support ongoing…
APPLETON, Wis., Oct. 1, 2017 /PRNewswire/ — Appvion, Inc. (the “Company”) today announced that it and certain of its subsidiaries filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware to facilitate a balance sheet restructuring and better position the business for…
Profits at Twitters UK arm slid by 21pc last year despite almost £80m in advertising sales. Profits fell to £2.7m, partly due to a £1.4m restructuring expense, though the company said performance has been in line with expectations. The company has struggled to make money since starting in 2006. The restructuring expense was Twitter UK’s…
MAJOR corporate restructuring at Sunshine Coast Council is set to radically reshape the organisation with three of five of its most senior directors deciding not to recontest new positions. Director of Infrastructure Services Andrew Ryan and Director of Corporate Services, Ray Turner, will leave the organisation after long careers next Friday with Director of Community…
MUMBAI: Telecom operator Aircel may start an independent debt restructuring programme now that its proposed merger with Reliance Communications has fallen through, people aware of the firm’s alternative plans said. In an email sent to employees on Sunday night, Aircel chief executive Kaizad Heerjee said that while decision to call off the merger with Reliance…
ISLAMABAD: The ministry of textile industry has constituted a committee for the restructuring of Pakistan Central Cotton Committee (PCCC) for enhancing its performance, an official said on Friday. The restructuring committee comprises four members of the National Assembly, including Chaudhry Asad-ur-Rahman, Chaudhry Iftikhar Nazir, Sheikh Fayyaz-ud-din and Sajid Mehdi. Ministry of textile industry secretary and…
What are the types of liquidation in Yeerongpilly? There are essentially 4. Creditors Voluntary Liquidation. When a Company is Insolvent the directors and shareholders agree to voluntarily appoint a liquidator. Members Voluntary Liquidation. When a Company has no debt and is solvent and wants to voluntarily finalize the affairs of a company. Official Liquidation. A creditor applies…
What are the types of liquidation in Yamanto? There are essentially 4. Creditors Voluntary Liquidation. When a Company is Insolvent the directors and shareholders agree to voluntarily appoint a liquidator. Members Voluntary Liquidation. When a Company has no debt and is solvent and wants to voluntarily finalize the affairs of a company. Official Liquidation. A creditor applies…
What are the types of liquidation in Wurruk? There are essentially 4. Creditors Voluntary Liquidation. When a Company is Insolvent the directors and shareholders agree to voluntarily appoint a liquidator. Members Voluntary Liquidation. When a Company has no debt and is solvent and wants to voluntarily finalize the affairs of a company. Official Liquidation. A creditor applies…
What are the types of liquidation in Woollahra? There are essentially 4. Creditors Voluntary Liquidation. When a Company is Insolvent the directors and shareholders agree to voluntarily appoint a liquidator. Members Voluntary Liquidation. When a Company has no debt and is solvent and wants to voluntarily finalize the affairs of a company. Official Liquidation. A creditor applies…