Beena Parmar Moneycontrol News Lenders to Lavasa Corporation Limited, unit of Hindustan Construction Company (HCC) group, have invoked the strategic debt restructuring (SDR) plan to resolve the stressed assets of the firm. Additionally, SDR has also been invoked on Lavasas two wholly owned subsidiaries Warasgaon Assets Maintenance Limited and Warasgaon Power Supply Limited, HCC informed…
LONDON, Sept 28 (IFR) – The long-awaited restructuring of Norske Skog, which seemed to be reaching consensus earlier this week, looks like being disrupted again after junior creditors objected to the rescue plan put out by the Norwegian pulp and paper company, and since backed by two-thirds of secured creditors. The committee of unsecured noteholders,…
LEWISVILLE, Texas, Sept. 27, 2017 /PRNewswire/ — Adeptus Health Inc. (OTC: ADPTQ) (the “Company”), the largest operator of freestanding emergency rooms in the United States, today announced that the U.S. Bankruptcy Court for the Northern District of Texas, Dallas Division (the “Court”) has confirmed the Company’s plan of reorganization (the “Chapter 11 Plan”). The Company expects…
A Norton Rose Fulbright partner in Melbourne has announced that he will be moving on to greener pastures in November. Peter Bowden will cut loose from NRF to join Gilbert + Tobins restructuring and insolvency team in mid-November. As a partner at NRF, he focused on front-end restructuring work for credit funds and banks. According…
KONE Corporation, stock exchange release, September 26, 2017 at 09.35 a.m. EEST KONE updates its 2017 business outlook to take into account restructuring costs from the Accelerate program, current foreign exchange rates and the latest business performance forecast KONE announced today a program to accelerate the execution of the Winning with Customers strategy…
(Reuters) – American International Group Inc (AIG.N) said on Monday it will reorganize into three new units and will no longer have separate commercial and consumer businesses, marking the first major strategic move by new Chief Executive Officer Brian Duperreault. Under the new structure, AIG will have a general insurance business, a life and retirement…
FRANKFURT/DUESSELDORF (Reuters) – Thyssenkrupp raised almost 1.4 billion euros ($1.7 billion) in a share placing on Tuesday to help fund the industrial goods businesses that will stay with the firm after the planned merger of its steel operations with Tata Steel next year. The German steel-to-elevators group needs to strengthen its balance sheet, part of…
KONE Corporation, stock exchange release, September 26, 2017 at 09.35 a.m. EEST KONE updates its 2017 business outlook to take into account restructuring costs from the Accelerate program, current foreign exchange rates and the latest business performance forecast KONE announced today a program to accelerate the execution of the Winning with Customers strategy and to…
KONE Corporation, stock exchange release, September 26, 2017 at 09.35 a.m. EEST KONE updates its 2017 business outlook to take into account restructuring costs from the Accelerate program, current foreign exchange rates and the latest business performance forecast KONE announced today a program to accelerate the execution of the Winning with Customers strategy and to…
Copper-focused Tiger Resources has secured a $US18.2 million ($A22.9 million) facility agreement with two of its existing lenders, to fund ongoing work it its Kipoi operation in Africa whilst it pursues recapitalisation plans. Perth-based Tiger said the facility provided interim funding to support its ongoing operations at Kipoi, as well as the development of an…