GO
Loading...

Enter multiple symbols separated by commas

Business Events Restructurings

More

  • *Ukraine seeking savings of $15.3 billion. KIEV, July 27- Heavily indebted Ukraine has made new proposals to its creditors for restructuring $23 billion of foreign debt and is now awaiting their response, Finance Minister Natalia Yaresko said on Monday. Ukraine, whose economic plight is exacerbated by a draining conflict with Russian-backed separatists in...

  • KIEV, July 27- Ukraine has made new proposals to its creditors for restructuring $23 billion of foreign debt and is now awaiting response, Finance Minister Natalia Yaresko said on Monday. Negotiations to restructure Ukraine's foreign debt have dragged on for over four months because of disagreement over the need for a writedown on the principal of the bonds as...

  • BANGKOK, July 26- Thai Airways International Pcl plans to cut 1,401 jobs through voluntary retirement this year and suspend its loss-making flights to Los Angeles and Rome as it pushes ahead with a restructuring plan, its president said on Sunday. Thai Airways aims to cut operating costs by up to 9 billion baht this year, Charumporn said. From Oct. 25, the carrier...

  • *Athens pushes for quick cash injection but talks could drag on. FRANKFURT/ ATHENS, July 26- Greek banks are set to keep broad cash controls in place for months, until fresh money arrives from Europe and with it a sweeping restructuring, officials believe. Answering this could hold up agreement on a third bailout deal for Greece that negotiators want to conclude...

  • NEW YORK July 23- A new offer by bondholders of Puerto Rico's public utility PREPA to refinance billions of dollars in debt was criticized by the utility on Thursday and deemed risky by others. Presented to PREPA on July 7 and made public on Thursday, the bondholders' plan would split about $8 billion of debt into two tranches, with one taking the form of capital...

  • July 23- Hercules Offshore Inc, stung by slumping demand for drilling services in older Gulf of Mexico oilfields, said on Thursday it plans to file for creditor protection in about three weeks and emerge several months later with a restructured balance sheet. The company's balance sheet lists $266 million in current assets and $1.35 billion in current...

  • Puerto Rico power company rejects bondholders' debt plan Thursday, 23 Jul 2015 | 10:54 AM ET

    SAN JUAN, Puerto Rico— Puerto Rico's power company on Thursday rejected a new proposal from bondholders that calls for an $8.1 billion debt exchange amid growing concerns the public agency could be the first one in the U.S. territory to go bankrupt. The Electric Power Authority said the proposal would not lead to a successful restructuring and does not share the...

  • NEW YORK July 23- Bondholders of Puerto Rico's debt-laden public utility PREPA offered to refinance $8 billion in debt by splitting it into two classes of bonds, a move they say would save PREPA $2.5 billion in financing costs through 2025, according to an outline of the proposal made public by the bondholders on Thursday. Plagued by outdated equipment and an...

  • NEW YORK July 23- Bondholders of Puerto Rico's debt-laden public utility PREPA offered to refinance their $8 billion in debt by splitting it into two classes of bonds, a move they say would save PREPA $2.5 billion in financing costs through 2025, according to an outline of the proposal made public by the bondholders on Thursday. Plagued by outdated equipment...

  • Judge: Caesars can be sued while unit in bankruptcy Wednesday, 22 Jul 2015 | 4:53 PM ET

    LAS VEGAS— A Chicago bankruptcy judge has ruled he won't stop pending lawsuits against Caesars Entertainment Corp. while its debt-heavy subsidiary is in bankruptcy. Judge Benjamin Goldgar decided Wednesday that the casino giant won't be immune to litigation, unlike its Caesars Entertainment Operation Co. unit which filed for bankruptcy in mid-January...

  • KINGSTON, Jamaica— A judge in the Bahamas ruled Wednesday that a U.S. bankruptcy filing by the developer of an unfinished $2.5 billion megaresort in Nassau will not be recognized in the Caribbean archipelago. The islands' attorney general strongly objected to the Chapter 11 filing in U.S. Bankruptcy Court in Delaware, arguing that having a U.S. court decide major...

  • NEW YORK, July 21- Harbinger Capital Partners, the hedge fund firm run by Philip Falcone, filed a new lawsuit accusing satellite TV company Dish Network Corp and its chairman, Charles Ergen, of illegally trying to strip it of control of wireless company LightSquared during its bankruptcy. The reorganization called for Harbinger to retain a 44.5 percent equity...

  • WASHINGTON, July 21- Greece's talks with its international creditors have shifted toward how its debt will be restructured and how much debt relief will be needed, a senior U.S. Treasury official said on Tuesday. "Two weeks ago, the discussion over whether or not debt restructuring would even be on the table was different than it is today.

  • BlackBerry cuts jobs as part of turnaround plan Tuesday, 21 Jul 2015 | 12:34 PM ET

    TORONTO— BlackBerry Ltd. announced another round of job cuts Tuesday as it deals with weak smartphone sales and pushes ahead with a restructuring plan. The Waterloo, Ontario- based company declined to disclose how many employees were affected in the latest changes, but said that some workers were shifted to different roles while others were laid off.

  • July 20- Caesars Entertainment Corp reached an agreement with its lenders late on Monday night, hours after a New York state court judge threw out a lawsuit by the casino company against a group of creditors known as the second-lien noteholders. Caesars Entertainment will contribute an additional $200 million of Caesars Entertainment convertible notes to...

  • NEW YORK, July 15- Puerto Rico's Public Finance Corporation failed to transfer funds to pay the principal and interest on its bonds, according to the island's bank and a filing on Wednesday, highlighting cash problems as the island tries to restructure its debt. The transfer of $93.7 million was for a debt service payment due Aug. 1 by PFC, part of the island's...

  • NEW YORK, July 15- Puerto Rico's Public Finance Corporation failed to transfer funds to pay the principal and interest on its bonds, according to a filing on Wednesday, highlighting the cash problems the island is experiencing as it tries to restructure its debt. The transfer of $93.7 million was for a debt service payment due Aug. 1 by PFC, part of the island's...

  • Democratic senators introduced on Wednesday a bill to allow Puerto Rico's public entities to file for bankruptcy under federal laws as the U.S. territory starts negotiations with creditors to restructure $72 billion in debt. Puerto Rico's public entities currently cannot make use of Chapter 9 bankruptcy laws as entities in U.S. states can and instead have...

  • UPDATE 1-Coal miner Walter Energy files for bankruptcy Wednesday, 15 Jul 2015 | 12:44 PM ET

    July 15- Walter Energy Inc filed for bankruptcy protection on Wednesday, becoming the latest coal miner to do so as they struggle with a steep fall in prices since 2011.. Walter Energy, which has coal mines in Alabama and West Virginia, said terms of the restructuring assume senior lenders will convert all of their debt into equity. Walter Energy had total debt of...

  • KIEV, July 15- Ukraine's central bank will ease some currency controls once the Finance Ministry reaches a debt restructuring deal with creditors, the bank's head, Valeriia Gontareva, said on Wednesday.