Category Archives: Restructuring

Knight Energy Holdings and Affiliates Enter into Restructuring Support Agreement in Conjunction with Financial … – Business Wire (press release)

LAFAYETTE, La.–(BUSINESS WIRE)–Knight Energy Holdings, LLC (Knight or the Company) and its operating affiliates announced today that they have signed a Restructuring Support Agreement (RSA) with certain debt holders representing over 87% of the Companys Senior Secured Credit Facility due 2018 in conjunction with its voluntary filing of a pre-negotiated Chapter 11 petition today in…

‘It won’t happen overnight’: Valeant eyes new products amid slow restructuring – Financial Post

Still grappling with its towering debt, Valeant Pharmaceuticals International Inc. on Tuesday focused on promoting several new consumer health products that the company hopes will reinvigorate its shrunken cash flows. Management at the Laval, Quebec-based company have been undergoing a dramatic restructuring of the company following a product pricing scandal, selling billions in assets and…

Avaya names new CEO in bankruptcy exit plan – CRN Australia

Avaya has revealed its steps toward exiting Chapter 11 bankruptcy, including the appointment of a new chief executive, agreements with priority creditors and a debt reduction of more than US$3 billion. The unified communications vendor announced overnight that it had entered into a plan support agreement (PSA) with more than 50 percent of the holders of its…

Samsung Closes Seven Sales Points During China Business Restructuring – ChinaTechNews.com

Korea-based Samsung will implement restructuring for its China business and will shut down its seven sales points without employee layoffs. A representative from Samsung said that the company will close its seven sales points in China’s northern, eastern, southern, central, southwestern, northwestern, and northeastern regions, and further divide its China businesses into 22 bases. Samsung’s…

Lotte Group Begins to Consider Reduction of Stores and Employees – BusinessKorea

The Lotte Group began restructuring its business in China. The decision was made as the top management of the group judged that they can stand no longer as the China’s economic retaliation for the deployment of the Korea-US terminal high-altitude area defense (THAAD) system has been continuing for six months, and the decision to deploy…

Lotte Group Begins to Consider Reduction of Stores and Employees – BusinessKorea

The Lotte Group began restructuring its business in China. The decision was made as the top management of the group judged that they can stand no longer as the China’s economic retaliation for the deployment of the Korea-US terminal high-altitude area defense (THAAD) system has been continuing for six months, and the decision to deploy…

Company that bought ConAgra’s private-label division struggles, says it will restructure; stock sinks – The Daily Nonpareil

OMAHA The company that bought ConAgra Foods troubled private-label business 18 months ago is still struggling to operate it profitably. Illinois-based TreeHouse Foods, with offices in Omaha, on Thursday announced a plan to restructure its company by 2020. In phase one, its closing packaged-food factories in Minnesota and Indiana and cutting back production at a…

Company that bought ConAgra’s private-label division struggles, says it will restructure; stock sinks – The Daily Nonpareil

OMAHA The company that bought ConAgra Foods troubled private-label business 18 months ago is still struggling to operate it profitably. Illinois-based TreeHouse Foods, with offices in Omaha, on Thursday announced a plan to restructure its company by 2020. In phase one, its closing packaged-food factories in Minnesota and Indiana and cutting back production at a…

Questions Arise From Herbalife’s Earnings, Conference Call – Benzinga

Herbalife Ltd. (NYSE: HLF) has been one of the most controversial stocks in the market in recent years, and the companys Q2 earnings report and conference call have presented investors with even more questions about the future of the company. Restructuring Taking Its Toll In June, Herbalife blamed Federal Trade Commission-mandated restructuring for its second-quarter…

Enbridge’s Earnings Shed Restructuring Charges in the Second Quarter – Madison.com

After a first quarter filled with integration and restructuring charges, Enbridge‘s (NYSE: ENB) second-quarter earnings were surprisingly devoid of these expenses. This should have given us a clearer picture of the earnings power that Enbridge has now that it has completed the merger with Spectra Energy. That wasn’t necessarily the case, though, as the company…