Nuverra Completes Successful Restructuring And Emerges From Chapter 11 With Over $70 Million In New Financing … – Markets Insider

Restructuring

SCOTTSDALE, Ariz., Aug. 11, 2017 /PRNewswire/ — Nuverra Environmental Solutions, Inc. (“Nuverra” or the “Company”) announced today that, on August 7, 2017 (the “Effective Date”), the Company and its material subsidiaries emerged from Bankruptcy protection under chapter 11 of the United States Bankruptcy Code.  Pursuant to their Amended Joint Plans of Reorganization (collectively, the “Plan”), which…

Deal hedges pension from volatility: Koushik Chatterjee, Executive Director, Tata Steel – Economic Times

Restructuring

Tata Steel group executive director Koushik Chatterjee played a key role in negotiating the pension deal that was signed on Friday. As part of the arrangement, the deal will impact 125,000 members of the pension scheme. Chatterjee said the agreement ends months of negotiations and brings finality to Tata Steel’s year-and-a-half long UK business restructuring…

The CEO of a $2.4 billion investment bank shares 3 things he looks for in young Wall Street recruits – Business Insider

Restructuring

Houlihan Lokey On of the biggest challenges for Scott Beiser, the CEO of $2.4 billion boutique global investment bank Houlihan Lokey, is making sure the company’s employees stay engaged and energized.  The firm which specializes in corporate finance business, restructuring, and financial advisory services has grown significantly since it went public two years ago, boosting revenue…

Peregrine Pharmaceuticals Axing 20% of Workforce, 60 Jobs, in Restructuring – Genetic Engineering & Biotechnology News

Restructuring

Peregrine Pharmaceuticals said today it will eliminate 20% of its workforce60 jobsin a restructuring designed to cut costs and position the company for profitability while it continues to assess strategic options for its R&D operations. Peregrine halved its R&D staff, leaving it with 11 employees who will support potential strategic alternatives for its R&D operations…

Noble Group’s ballooning debt seen raising risk of restructuring – THE BUSINESS TIMES

Restructuring

[HONG KONG] Noble Group Ltd’s rising debt load is adding to speculation that it will need to restructure its obligations, even after the embattled commodity trader obtained a crucial covenant waiver that buys it more time. “Noble’s current capital structure is not sustainable,” said Annisa Lee, head of Asia ex-Japan flow credit analysis at Nomura…

Tata Group draws up restructuring plan, hires bankers to sell or merge misfiring businesses – Economic Times

Restructuring

By Bhuma Shrivastava, P R Sanjai and George Smith Alexander Nearly six months after his turbulent elevation to run Indias biggest conglomerate, Natarajan Chandrasekaran is assembling a team of dealmakers to refocus some of the groups biggest businesses, expand its financial services and consumer businesses and sell or merge dozens of smaller units, according to…