GO
Loading...

Corporate Restructuring

More

  • 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.

  • June 4- Texas power giant Energy Future Holdings will square off against creditors in bankruptcy court on Thursday over a key question: will borrowing billions of dollars prop up the business or deepen its insolvency?

  • RIO DE JANEIRO, June 3- Creditors of Brazilian tycoon Eike Batista's Oleo e Gas Participacoes SA approved a restructuring plan for the oil company that could lead to a quick resolution of the largest bankruptcy in Latin America's history, lawyers said on Tuesday.

  • RIO DE JANEIRO, June 3- Creditors of tycoon Eike Batista's Oleo e Gas Participacoes SA approved a restructuring plan of the Brazilian oil company that could lead to a quick resolution of the largest bankruptcy in Latin America's history, lawyers said on Tuesday.

  • RIO DE JANEIRO, June 3- A majority of creditors of Brazil's Oleo e Gas Participacoes SA approved the terms of restructuring plan for the bankrupt oil and gas exploration and production company, its lawyers said Tuesday.

  • MUNICH, May 30- The chief executive of German conglomerate Siemens said up to 11,600 jobs could be at risk in a restructuring plan he unveiled earlier this month that aims to save the company 1 billion euros annually. Previously Siemens had been structured along sectoral and regional lines.