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Restructurings

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  • BUENOS AIRES, June 26- Argentina has deposited the next payment needed to avoid a default on its restructured bonds, but a U.S. federal court decided on Thursday not to let the payment go through.

  • BUENOS AIRES, June 26- Argentina has deposited the next payment that the government owes on its restructured bonds, Economy Minister Axel Kicillof said on Thursday, while a U.S. federal court decides whether to allow the payment to go through.

  • TOKYO, June 26- Caesars Entertainment Corp will likely agree to a debt restructuring with bondholders within a year and should have no problem financing a foray into the Japanese market, the debt-strapped casino operator's chief executive said on Thursday.

  • Michigan says investors snap up Detroit lighting bonds Wednesday, 25 Jun 2014 | 5:19 PM ET

    June 25- A sale of $185 million of revenue bonds on Wednesday for Detroit's public lighting authority had no problem finding buyers despite the fact the city remains in bankruptcy court.

  • Dubai's Nakheel says to repay $1.5 bln debt early Wednesday, 25 Jun 2014 | 3:22 AM ET

    DUBAI, June 25- Dubai property developer Nakheel will repay all its outstanding debt to banks by August this year, four years ahead of the schedule mandated by its restructuring plan, the state-run company's chairman said on Wednesday.

  • Shipping company Nautilus files for U.S. bankruptcy Tuesday, 24 Jun 2014 | 11:22 AM ET

    June 24- Nautilus Holdings Ltd, a Bermuda- chartered company that leases container ships, has filed for Chapter 11 bankruptcy protection in New York, becoming the latest victim of a depressed shipping industry. The company has about $770 million in debt, according to papers filed late Monday with the U.S. Bankruptcy Court in Manhattan.

  • The deal was approved by U.S. Bankruptcy Court Judge Brendan Shannon in Wilmington three months after Brookstone filed for Chapter 11 bankruptcy protection when it saw sales fall as shoppers cut discretionary spending.

  • BUENOS AIRES, June 23- Argentina will ask a U.S. judge to put a stay on his ruling against the country in its case against "holdout" creditors as it seeks to start negotiations aimed at avoiding a new default, Economy Minister Axel Kicillof said on Monday.

  • BUENOS AIRES, June 23- Argentina will ask U.S. District Court Judge Thomas Griesa on Monday to impose a stay on debt rulings to allow the country to make payments to creditors of restructured bonds on June 30, Economy Minister Axel Kicillof said.

  • The 2nd U.S. Circuit Court of Appeals ruled on Wednesday that Argentina could not continue to pay creditors who agreed to restructure their bonds after its 2001-02 default on $100 billion in debt unless it also paid $1.33 billion to the holdouts demanding full payment.

  • WASHINGTON, June 19- Ukraine is holding talks with creditors on restructuring its foreign currency debts, an official from an international finance association said on Thursday following recent meetings with Ukrainian officials.

  • WASHINGTON, June 19- Ukraine is holding talks with creditors on restructuring its foreign currency debts, an official from an international finance association said on Thursday following recent meetings with Ukrainian officials.

  • NEW YORK, June 18- Argentine officials will begin to negotiate for the first time next week with hedge funds that refused to take part in its debt restructuring, a lawyer for the country said in Manhattan federal court on Wednesday.

  • BUENOS AIRES, June 17- Argentina is taking steps to place its restructured debt under local law so it can continue making payments despite a string of adverse U.S. court rulings, Economy Minister Axel Kicillof said on Tuesday as fears of default increased.

  • BUENOS AIRES, June 17- Argentina's Economy Minister Axel Kicillof said on Tuesday the government was starting to take steps to restructure debt held by exchange bondholders to place it under Argentine law so it could continue to service it despite adverse U.S. court rulings.

  • WASHINGTON/ BUENOS AIRES, June 16- President Cristina Fernandez vowed on Monday to find a way to service Argentina's restructured debt despite suffering a major setback in a long legal battle against "holdout" investors that pushed the country closer to a new default.

  • RIO DE JANEIRO, June 13- A judge approved a restructuring plan for Oleo e Gas Participacoes SA, the oil company controlled by Brazilian tycoon Eike Batista, according to a statement by the Rio de Janeiro court that heard the bankruptcy proceedings. Creditors of the company, formerly known as OGX Petroleo e Gas Participacoes SA, approved the plan on June 3.

  • WASHINGTON, June 13- A senior U.S. Treasury official on Friday rejected proposals to recapitalize Fannie Mae and Freddie Mac, saying it would take at least 20 years to make sure they were adequately funded and that in the meantime taxpayers would be on the hook.

  • MADRID, June 12- Spanish billionaire Esther Koplowitz could sell some of her stake in the holding company that controls builder FCC as part of a debt restructuring deal, said a source who is working on the refinancing. FCC shares were the top gainers on Thursday morning on Spain's benchmark index, up 4.75 percent to 17.64 euros per share.

  • WILMINGTON, Del, June 6- Bankrupt Energy Future Holdings, Texas's largest power company, received court approval on Friday for one of its main businesses to borrow $5.4 billion to carry out a refinancing that is key to its huge restructuring. Bankruptcy Judge Christopher Sontchi in Wilmington, Delaware.