Financial restructuring south of the border – Oil & Gas Financial Journal

Navigating complexities of two legal systems requires some expertise Michael J. Venditto, Reed Smith, New York City and Alonso Gómez del Campo, Rodríguez Dávalos Abogados, Mexico City Markets and financial distress do not respect national borders. With no border wall to protect Mexico’s nascent oil and gas industry, it is susceptible to the same economic…

UPDATE 1-Russia’s Mechel says has enough creditor support for restructure of $1 bln loan – Business Insider

(Adds details, quotes, context) MOSCOW, Dec 29 (Reuters) – Russian coal and steel producer Mechel said on Friday that talks with banks on restructuring a $1 billion syndicated loan had concluded successfully. Mechel, which is controlled by businessman Igor Zyuzin and came close to bankruptcy last year, had circulated the final draft of a restructuring…

UPDATE 1-Russia’s Mechel says has enough creditor support for restructure of $1 bln loan – Business Insider

(Adds details, quotes, context) MOSCOW, Dec 29 (Reuters) – Russian coal and steel producer Mechel said on Friday that talks with banks on restructuring a $1 billion syndicated loan had concluded successfully. Mechel, which is controlled by businessman Igor Zyuzin and came close to bankruptcy last year, had circulated the final draft of a restructuring…

ForeverGreen Completes Restructuring and Focuses on Growth – Utah Business

LindonForeverGreen Worldwide Corporation, a global direct marketing company and provider of health and wellness products has completed its planned consolidation and restructuring of the company, including reducing overhead costs, streamlining the companys product offerings, reducing shipping costs, reduction of personnel and consolidating domestic and foreign warehouse and office spaces. These strategies were directed to reduce…

Wanda Internet Business Restructures Operations, President Says – Bloomberg

Dalian Wanda Group Co.s struggling Internet business is restructuring, the units President Qu Dejun said on a personal social-media account, after the state news organization The Paper reported the company would cut more than 1,000 jobs. The closely held Internet group within billionaire Wang Jianlins real-estate-to-entertainment conglomerate is undergoing a partial restructuring for better, faster…

Birner Dental Management Services, Inc. Announces Successful Capital Raise, Debt Restructuring And Changes To … – Markets Insider

DENVER, Dec. 29, 2017 /PRNewswire/ — Birner Dental Management Services, Inc. (OTCQX: BDMS), business services provider of PERFECT TEETH® dental practices, announced today that the Company completed a private placement of $5 million of convertible senior subordinated secured notes and attached shares of Series A Convertible Preferred Stock with Palm Active Dental, LLC and Palm Global…