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  • SAO PAULO, June 20- Voting shares of Oi SA fell as much as 16 percent in early Monday trading as approaching deadlines for debt repayments added to fears that Brazil's most indebted phone carrier could default in the middle of a restructuring. Fitch Ratings cut Oi's long-term debt rating to "C" from "CCC" on Friday, warning the company's current capital structure "is...

  • DUBAI, June 20- An effort to restructure indebted Saudi Arabian builder Mohammad Al Mojil Group was thrown into doubt on Monday when the firm said its board had resigned after three people involved with the company were sentenced to jail. Last week, the stock market regulator ordered MMG to pay it damages of 1.6 billion riyals and sentenced three people,...

  • *Graphic on China aluminum production vs prices: http://tmsnrt.rs/28IXhIq. LONDON, June 20- " China has committed to ensure that its central government policies and support do not target the net expansion of steel capacity; and to actively and appropriately wind down' zombie enterprises' through a range of efforts, including restructuring and bankruptcy."

  • *Graphic on China aluminium production vs prices: http://tmsnrt.rs/28IXhIq. LONDON, June 20- " China has committed to ensure that its central government policies and support do not target the net expansion of steel capacity; and to actively and appropriately wind down' zombie enterprises' through a range of efforts, including restructuring and bankruptcy."

  • MEXICO CITY, June 17- Embattled Mexican construction firm ICA said it will borrow $215 million from financier David Martinez's vehicle Fintech, as it unveiled a preliminary restructuring plan that offered few details on how it would cope with its heavy debt load. The Mexico City- based firm has failed to post a profit since 2013 and struggled to find new work in...

  • SAO PAULO, June 17- Prices of Oi SA bonds jumped on Friday after Brazil's most indebted wireless carrier laid out the terms of a restructuring proposal aimed at cutting 50 billion reais in obligations by more than half. Notes from a Netherlands- based Oi unit due this year were excluded from the plan. The Rio de Janeiro- based company, which faces a payment of 230...

  • MEXICO CITY, June 17- Embattled Mexican construction firm ICA said it will borrow $215 million from financier David Martinez's vehicle Fintech, as it unveiled a preliminary restructuring plan that offered few details on how it would cope with its heavy debt load. The Mexico City- based firm has failed to post a profit since 2013 and struggled to find new work in...

  • MEXICO CITY, June 17- Embattled Mexican construction firm ICA said it will borrow $215 million from financier David Martinez's vehicle Fintech, as it unveiled a preliminary restructuring plan. In a statement on Friday, the company said it would exit international concession projects it had yet to begin, and construction would be limited to Mexican operations...

  • *House has passed Puerto Rico bill, Senate has yet to act. WASHINGTON, June 13- The Supreme Court on Monday refused to revive a Puerto Rico debt-restructuring law, putting the U.S. territory at risk of a messy default unless Congress this month passes legislation to help the Caribbean island survive its crippling fiscal crisis. The White House has urged the Senate...

  • *House has passed Puerto Rico bill, Senate has yet to act. WASHINGTON, June 13- The Supreme Court on Monday refused to revive a Puerto Rico debt-restructuring law, putting the U.S. territory at risk of a messy default unless Congress this month passes legislation to help the Caribbean island survive its crippling fiscal crisis. The White House has urged the Senate...

  • WASHINGTON, June 13- The U.S. Supreme Court on Monday rejected Puerto Rico's bid to revive a law that would have let the U.S. territory cut billions of dollars in debt at public utilities, delivering a setback to the Caribbean island's efforts to withstand a fiscal crisis. The court ruled 5-2 that Puerto Rico's 2014 law known as the Recovery Act conflicts with U.S....

  • CHICAGO, June 8- A U.S. bankruptcy judge said on Wednesday he must look deeper into whether he has the authority to halt bondholder lawsuits against Caesars Entertainment Corp in New York and Delaware given that proceedings have already begun. Caesars plans to pump about $4 billion to help restructure the unit, called Caesars Entertainment Operating Co..

  • CHICAGO, June 7- A U.S. bankruptcy judge on Tuesday pushed back a decision until later this month on whether to allow the operating unit of Caesars Entertainment Corp to move forward with a restructuring plan vigorously opposed by some creditors. The casino unit has presented a reorganization plan that includes a $4 billion contribution from its nonbankrupt...

  • CHICAGO, June 6- The bankrupt operating unit of Caesars Entertainment Corp asked a U.S. bankruptcy judge to block creditors from pursuing litigation against its parent on Monday, as talks aimed at resolving the complex case broke down with one group of creditors, court papers showed. The possibility of reaching a consensual agreement on a plan to exit...

  • June 2- Three days before Puerto Rico's Democratic presidential primary, Bernie Sanders leveled a blistering attack on a restructuring bill moving through the U.S. Congress and offered a radically different approach to fixing the territory's $70 billion debt problem. "It is morally reprehensible that Wall Street vulture funds are demanding that Puerto...

  • May 27- Hercules Offshore Inc said it planned to file for prepackaged Chapter 11 bankruptcy, just six months after the rig contractor emerged from bankruptcy protection. The company said it had entered into a restructuring support agreement with some lenders, which will eventually allow it to place all its unsold assets into a wind-down vehicle until they can...

  • TOKYO, May 26- Takata Corp's external steering committee charged with developing a restructuring plan for the embattled auto parts maker is talking with "several funds" including Kohlberg Kravis Roberts, a source with knowledge of the matter said. The source, who spoke on condition on anonymity, did not say whether the funds had approached the committee to...

  • TOKYO, May 26- U.S. investment fund Kohlberg Kravis Roberts has proposed taking about a 60 percent stake in Takata Corp, Japan's Nikkei reported on Thursday, possibly offering a lifeline to the embattled Japanese air bag maker. KKR has submitted a restructuring plan, the newspaper said a day after Takata's external steering company said it had hired investment...

  • May 25- Takata Corp hired investment bank Lazard Ltd to lead efforts to help resolve financial issues stemming from its record-setting recall of tens of millions of faulty airbags, sources said Wednesday. Takata's board of directors in February named an outside steering committee to develop a comprehensive restructuring plan to address the financial and...

  • May 25- Air bag manufacturer Takata Corp hired investment bank Lazard to lead efforts to seek new investment and help resolve financial issues stemming from its record-setting recall of tens of millions of inflators that can rupture, sources said Wednesday. Takata in February named an outside committee to develop a comprehensive restructuring plan to...