Southeastern Grocers Commences Previously Announced Restructuring with 100% Support of Creditors and Interest … – PR Newswire (press release)

As SEG announced on March 15, 2018, SEG entered into an RSA with a group of creditors collectively holding 80% of its 8.625%/9.375% Senior PIK Toggle Notes due September 2018 and its private equity sponsor regarding the terms of a comprehensive financial restructuring that will position SEG for long-term financial health. SEG will continue operating…

Southeastern Grocers Commences Previously Announced Restructuring with 100% Support of Creditors and Interest … – Markets Insider

JACKSONVILLE, Fla., March 27, 2018 /PRNewswire/ — Southeastern Grocers (“SEG” or “the Company”) today announced that, as contemplated under its previously announced Restructuring Support Agreement (“RSA”), it has commenced voluntary cases under Chapter 11 of the United States Bankruptcy Code with the United States Bankruptcy Court for the District of Delaware to implement the pre-packaged plan…

ComfortDelgro Savico Taxi JV in Vietnam suspends business operations – DEALSTREETASIA

March 26, 2018 ComfortDelgro Savico Taxi, a joint venture of Saigon General Service Corporation (Savico) and Singapores largest taxi operator ComfortDelGro, has suspended its business to preserve funds and restructure its taxi-related business in the wake of competition from rivals. In an announcement on Ho Chi Minh City Stock Exchange, the joint ventures said that…

Remington Outdoor Company Proposes Comprehensive Prepackaged Financial Restructuring Plan – Business Wire (press release)

MADISON, N.C.–(BUSINESS WIRE)–Remington Outdoor Company (Remington or the Company), one of the worlds leading designers and manufacturers of firearms, ammunition, and related products, today announced achievement of a significant milestone in its comprehensive financial restructuring process. The Company today announced that it has filed a prepackaged plan of reorganization with the United States Bankruptcy Court…

Noble directors say proposed restructuring will result in ‘fair and equitable treatment of all shareholders’ – The Business Times

Mon, Mar 26, 2018 – 9:23 AM NOBLE Group Limited said its board of directors believe the proposed restructuring will result in a “fair and equitable treatment of all shareholders”. It is referring to the restructuring support agreement (RSA), whose “primary restructuring” proposal requires a simple majority of the existing shareholders. Under the RSA, if…