UPDATE 1-Britain’s SIG full-year profit rises as restructuring takes shape – Reuters

(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…

Aberdeen Services Company Enters Restructuring Agreement – Rigzone

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 – Belfast Telegraph

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…

South Korea to offer $225 million loan to ease hit from GM fallout, corp restructuring – Reuters

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…

South Korea to offer $225 million loan to ease hit from GM fallout, corp restructuring – Yahoo7 News

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…

Omega Announces Restructuring Plan for Orianna Facilities – Business Wire (press release)

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,…

Cenveo, Inc. Receives Final Approval For $290 Million In DIP Financing – Markets Insider

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”)…