Strapped for cash, Mitsubishi has placed another legend on the chopping block. While the Pajero is famous globally for its stellar performance at the Dakar Rally, giving Mitsubishi more wins at the event than any other brand in history, you probably knew it as the Montero (or Dodge Raider if youre old enough). Sadly, you…
MONTREAL SNC-Lavalin is selling its South African resources business as part of its corporate restructuring. MONTREAL SNC-Lavalin is selling its South African resources business as part of its corporate restructuring. The Montreal-based engineering and construction firm says it has entered into an agreement to sell the business to local management for an undisclosed price. The…
Swimco chief executive Lori Bacon had a date in mind. The first day of summer sounded like the perfect time for the head of a Canadian swimsuit retailer to set off on retirement. But the arrival of COVID-19 changed a lot of plans, including hers. Instead of retirement, Bacon is working on restructuring the family-run…
Scottish bus manufacturer Alexander Dennis has announced plans to initiate a restructuring programme for the business which will put up to 650 jobs at risk. It comes as a result of significant decline across the UK for new buses and coaches due to the impact of lockdown and social distancing measures caused by the COVID-19…
MONTREAL SNC-Lavalin is selling its South African resources business as part of its corporate restructuring. MONTREAL SNC-Lavalin is selling its South African resources business as part of its corporate restructuring. The Montreal-based engineering and construction firm says it has entered into an agreement to sell the business to local management for an undisclosed price. The…
Judo Bank Chief Relationship Officer Frank Versace advises how to avoid the pitfalls. COVID-19 has forced many businesses to change their business model in order to survive. Those changes may be beneficial in the short-term, but Frank Versace, Chief Relationship Officer with Judo Bank, says SME owners need to evaluate changes through two lenses restructuring…
Witnessed through the lens of a technology company, Kiwi SMEs appear to be going through three distinct stages post the Covid-19 lockdown the ‘work from home’ stage, the ‘do more with less staff’ stage and the ‘re-invent service offerings’ stage but there are fears they may be trying to change too much, too quickly. Hamish…
Updated 1 hour ago LITTTLETON, Colo.–(BUSINESS WIRE)–Jul 24, 2020– APC Automotive Technologies, LLC, together with certain of its subsidiaries, (APC or the Company), today announced that it has successfully implemented the debt restructuring set out in the Restructuring Support Agreement with its asset-based lenders, term loan lenders, and significant equity holders, following confirmation of the…
Saturday, 25 July 2020, 6:22 amPress Release: OneHQ Witnessed through the lens of a technology company, Kiwi SMEs appear to be going through three distinct stages post the Covid-19 lockdown the ‘work from home’ stage, the ‘do more with less staff’ stage and the ‘re-invent service offerings’ stage but there are fears they may be…
SANTA CLARITA, Calif.–(BUSINESS WIRE)–California Resources Corporation (OTC: CRCQQ) announced today that it has entered into an amended and restated Restructuring Support Agreement with approximately 85% of the holders of its term loans due 2017 and 68% of the holders of its unsecured and deficiency debt claims. Reflecting this consensus, CRC has filed a plan of…