Insolvency Guardian Media Centre
Trinseo PLC (NYSE:TSE) shares are trading higher after the company announced it secured a transaction support agreement with key holders of its senior notes and term loans.
As per the transaction support agreement, these creditors will support transactions aimed at refinancing near-term maturities, enhancing operating liquidity, extending the nearest debt maturity to 2028, and capturing a discount through an exchange of the company’s 2029 senior notes.
Trinseo plans to redeem and refinance its $115 million in 2025 Senior Notes by issuing $115 million in 2028 Refinance Term Loans.
These loans will carry terms similar to the credit facility…
Read the original article here
Acsa has lashed out at claims that the company is facing imminent liquidation. On December 9, The Star reported that multiple service providers had applied for Acsa’s liquidation because it had failed to pay for services rendered amounting to R550 million.
However, in a statement, Acsa said liquidation proceedings had been instituted against it by just one service provider for unverified claims of R126 million, which is currently subject to an arbitration process scheduled for March 17, 2025.
“The service provider has chosen instead on November 27 to submit an application for liquidation, abandoning the arbitration process prescribed through the service level agreement as a last resort for contracting parties to resolve disputes….
Read the original article here
You don’t have permission to access “http://www.businesswire.com/news/home/20241210884370/en/Acticor-Biotech-Announces-the-Filing-of-a-Request-for-Conversion-of-Receivership-Proceedings-Into-Liquidation-Proceedings” on this server.
Reference #18.84f23717.1733851035.8f95e8f
https://errors.edgesuite.net/18.84f23717.1733851035.8f95e8f
Read the original article here
The Political Development of American Debt Relief New York Almanack
Read the original article here
In late October, Lilium N.V., a leading electric aircraft manufacturer and pioneer in regional air mobility, announced that its principal German subsidiaries were to apply for self-administration proceedings with the competent court in Germany. This filing follows a lengthy and complex government approval process for a loan from the German state-owned investment and development bank KfW, which failed in the Budget Committee of the German parliament.
In a statement announcing the filing, Lilium noted that its international competition had received grants and loans in the US, France, China, Brazil and the UK, and thus the company’s investors believed that German government support was critical to retaining market confidence and…
Read the original article here
Dave Ramsey’s Best Debt Advice To Help You Start 2025 Right MSN
Read the original article here
monitor6 / Getty Images/iStockphoto
Commitment to Our Readers
GOBankingRates’ editorial team is committed to bringing you unbiased reviews and information. We use data-driven methodologies to evaluate financial products and services – our reviews and ratings are not influenced by advertisers. You can read more about our editorial guidelines and our products and services review methodology.
20 Years
Helping You Live Richer
Trusted by
Millions of Readers
According to the Federal Reserve, just over 77% of Americans have some kind of debt. This can be credit cards, student loans,…
Read the original article here
According to the Federal Reserve, just over 77% of Americans have some kind of debt. This can be credit cards, student loans, mortgages or any other kind of money owed. While you might have more — or less — debt than the next person, owing money can still be stressful, especially as you head toward the new year.
Read More: 4 Secrets of the Truly Wealthy, According to Dave Ramsey
Try This: 3 Things You Must Do When Your Savings Reach $50,000
The good news is that there are ways to manage or even eliminate your debt. Well-known financial guru Dave Ramsey is known for educating people about finances and debt. Here’s some of his best debt advice to help you start 2025 right.
Read the original article here
500 jobs gone as iconic fashion retailer shuts down Adelaide Advertiser
Read the original article here
South Korean Crypto Lending Platform Delio Declared Bankrupt Binance
Read the original article here
Research from Alares suggests the spike in business insolvencies is being driven primarily by tax debt.
Outstanding debts owed to the Tax Office are pushing a growing number of Australian businesses into voluntary administration in hopes of preventing a collapse.
Tax debt is the primary driver behind the growing number of business recovery activities engaged in by businesses of all sizes, according to Jirsch Sutherland.
Last month, ATO tax commissioner Rob Heferen said taxpayers owed over $50 billion in collectable debt, nearly two-thirds of which was owed by small businesses. In June 2019, tax debt owed to the ATO was $26.5 billion, representing a near 100 per cent…
Read the original article here
All 80 of the Katies stores will close in mid-January as well as another 80 stores across the Millers, Rivers and Noni B brands.
The closures will impact 160 stores owned by the brand and impact roughly 480 employees, KPMG Australia, the Receivers and Managers of the Mosaic Brands group said in a statement today.
”The decision was made following a review of the performance of Katies as a brand and the wider…