Atento Achieves Key Milestone in its Restructuring, Receiving Backstop Commitments for 100% of its Exit Financing – Yahoo Finance

Restructuring

Atento receives backstop commitments for an additional $76 million in exit financing. This additional funding commitment comes on top of the $37 million funding already received by Atento, bringing the total additional funding to be received in connection with its Restructuring to $113 million. The exit financing, combined with the extinguishment of $663 million of liabilities…

Business Restructuring Review September-October 2023 | Vol. 22 … – JD Supra

Restructuring

BUSINESS RESTRUCTURING REVIEWVOL. 22 NO. 5 SEPTEMBEROCTOBER 20231IN THIS ISSUE1 Courts Broad Interpretation of Definition of Securities Contracts Promotes Expansive Scope of Bankruptcy Code Safe Harbor2 Lawyer Spotlight: Kathryn Sutherland-Smith6 Texas Bankruptcy Court Blesses Serta Chapter 11 Plan Over Objections of Lenders Excluded from Position Enhancement Transaction9 Circuit Split Widens on Extent of Abrogation of…

Chris Dickerson Joins Ropes & Gray as Firm Expansion Continues … – PR Newswire

Restructuring

CHICAGO, Oct. 3, 2023 /PRNewswire/ — Global law firm Ropes & Gray announced today that Chris Dickerson, a market leader in advising companies and sponsors in their most complex restructuring transactions, has joined the firm in Chicago. Chris’s addition is another, significant step as Ropes & Gray continues to enhance its restructuring, liability management and special…

Vedanta Ltd shares surge 5% following major business restructuring announcement – India TV News

Restructuring

Image Source : PTI/FILE PHOTO Vedanta Chairman Anil Agarwal during an MoU signing ceremony between Vedanta-Foxconn Group and Government of Gujarat. Shares of Vedanta Ltd witnessed a notable surge of 5 percent on Tuesday, following a significant announcement regarding a major business shake-up. At the Bombay Stock Exchange (BSE), the stock experienced a robust increase…

Hindustan Zinc Restructuring: Is It Headed For A Three-Way Vertical Split? – BQ Prime

Restructuring

Hindustan Zinc Restructuring: Is It Headed For A Three-Way Vertical Split? Business NewsHindustan Zinc Restructuring: Is It Headed For A Three-Way Vertical Split? ADVERTISEMENT 03 Oct 2023, 6:58 AM IST 03 Oct 2023, 6:58 AM IST 03 Oct 2023, 6:58 AM IST WhatsApp X (was Twitter) Facebook Telegram Read the full article at: https://www.bqprime.com/business/hindustan-zinc-restructuring-is-it-headed-for-a-three-way-vertical-split

Pharmaxis to Sell Mannitol Respiratory Business As Part of 'Major' Restructuring – MarketWatch

Restructuring

By Ben Glickman Pharmaxis will sell its mannitol respiratory business as part of a broader restructuring and pivot to focusing on treating blood-related cancers. The Australian company said it would sell its mannitol respiratory business unit, which makes drugs Aridol and Bronchitol, to Arna Pharma. Pharmaxis will receive royalties from the business unit for eight…

Byju's may layoff about 3,000-3,500 workforce this month, targets to be profitable by March 2024 | Mint – Mint

Restructuring

On account of consolidation and restructuring of the organization and settlement on a $1.2 billion loan, edtech major BYJU’S has set the target to become profitable by March 2024, reported news agency PTI citing sources. The firm has undertaken an exercise to reduce the workforce by about 3,000-3,500 in October by ending duplication in roles…

India's Reliance-backed delivery firm Dunzo to restructure, co … – Reuters

Restructuring

BENGALURU, Oct 2 (Reuters) – Indian on-demand delivery platform Dunzo said on Monday that one of its four co-founders, Dalvir Suri, would leave and the cash-strapped, Reliance Industries-backed (RELI.NS) startup also announced an organisation-wide restructuring from this quarter. Dunzo has been struggling to strike a funding deal in the past few months and has announced…