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  • April 15- Grocery chain operator Fairway Group Holdings Corp has reached a tentative deal with creditors to restructure its debt in bankruptcy, Bloomberg reported, citing people familiar with the matter. Specific terms of the deal, including the size of the financing and whether store lease contracts for underperforming stores will be kept, are still under...

  • April 15- Grocery chain operator Fairway Group Holdings Corp reached a tentative deal with creditors to restructure its debt in bankruptcy, Bloomberg reported, citing people familiar with the matter. The deal is likely to put the company into Chapter 11 proceedings by the end of May, the report said. Fairway was not immediately available for comment.

  • SunEdison, which is widely expected to file for bankruptcy soon, said it needs about $310 million to continue in operation as it estimates a cash shortfall of $260 million in June. The company's shares, which have lost nearly all of their value in the past 12 months, were down 23.6 percent at $0.44 in premarket trading. The company, which has racked up about $12...

  • April 15- Solar energy company SunEdison Inc said on Friday it was in talks for potential debtor-in-possession financing with some of its first and second-lien lenders.

  • April 14- Oil and gas producer Pacific Exploration& Production Corp said its board has agreed to negotiate a financial restructuring involving private-equity fund Catalyst Capital Group Inc and its creditors. Weak oil prices have forced numerous companies to delay paying interest, renegotiate agreements and even file for bankruptcy.

  • April 14- Oil and gas producer Pacific Exploration& Production Corp said its board has agreed to negotiate a financial restructuring involving The Catalyst Capital Group Inc and the company's creditors.

  • April 14- U.S. oil and gas producer Energy XXI Ltd, which has operations in Louisiana, Texas and the Gulf of Mexico, said on Thursday it has filed for bankruptcy protection, becoming one of the biggest casualties of the oil rout to date. The company will eliminate more than $2.8 billion in debt from its balance sheet through the Chapter 11 restructuring, it said in a...

  • NEW YORK, April 12- The prospect of a near-term bankruptcy for solar giant SunEdison Inc also threatens the separate companies it created to hold renewable energy assets- the so-called "yieldcos." The companies- TerraForm Power Inc and TerraForm Global Inc- will likely avoid bankruptcy but may not escape unscathed, analysts and restructuring experts said.

  • SAN JUAN, April 11- Puerto Rico on Monday unveiled a new restructuring proposal with more modest debt cuts, offering general obligation holders about 74 cents on the dollar with other creditor classes getting less, as it tries to solve a crushing economic crisis ahead of looming debt payments. Puerto Rico faces $70 billion in total debt, a 45 percent poverty rate...

  • April 7- Mashable Chief Executive Officer Pete Cashmore announced on Thursday that the online news website was reorganizing to focus on digital storytelling and television, a move that would result in the departure of "some" employees. The move comes roughly a week after Mashable raised $15 million in funding from Turner, a division of Time Warner Inc.

  • TORONTO, April 7- Postmedia Network Canada Corp, the country's biggest newspaper publisher, said on Thursday it had initiated a review to consider asset sales and debt and equity restructuring as its losses widened. The publisher said it lost C $225.1 million in the three months to the end of February, including a C $187 million impairment charge, in what Chief...

  • The Anaheim-based retailer listed assets in the range of $50 million to $100 million, and liabilities of between $100 million and $500 million, according to a court filing. Pacific Sunwear said private equity firm Golden Gate Capital had agreed to convert more than 65 percent of its debt into equity of the reorganized company and provide a minimum of $20...

  • Puerto Rico, with $70 billion in total debt and a 45 percent poverty rate, faces economic collapse without a solution to its debt. If those talks failed, Puerto Rico or its agencies could restructure debt under rules similar to U.S. bankruptcy law, including in certain situations via "cram-down"- forcing cuts on creditors that do not agree to them.

  • SAN JUAN, April 6- Puerto Rico's governor on Wednesday signed an emergency bill allowing the government to halt payments on its debt, throwing into doubt broader restructuring plans to stave off a financial collapse of the U.S. territory. The measure, which earlier passed Puerto Rico's legislature, lets Governor Alejandro Garcia Padilla declare a moratorium...

  • SAN JUAN, April 6- Puerto Rico's House of Representatives early on Wednesday passed an emergency bill allowing the government to halt payments on its debt, throwing into doubt broader restructuring plans to stave off a financial collapse of the U.S. The bill approved in the wee hours of Wednesday by a vote of 26-21 follows approval of the bill by the Senate on...

  • SAN JUAN, April 5- Bondholders with nearly a third of Puerto Rico's $17 billion outstanding General Obligation bonds on Tuesday unveiled a proposal for a debt restructuring they claim would help the island avoid outright default. "Incurring additional debt at a higher cost is not the answer to the Commonwealth's fiscal issues," Melba Acosta, president of Puerto...

  • SAN JUAN, April 5- Puerto Rico's House of Representatives on Tuesday debated a bill to halt debt payments, while a government official fired back at creditors who suggested the U.S. territory was shirking efforts to hold restructuring talks. Burdened by a $70 billion debt load it says it cannot pay and a 45 percent poverty rate that has led to a steady exodus of its...

  • SAN JUAN, April 5- Bondholders with nearly a third of Puerto Rico's $17 billion outstanding General Obligation bonds on Tuesday unveiled a proposal for a debt restructuring they claim would help the island avoid outright default. These bondholders earlier criticized legislation being rushed through Puerto Rico's Senate and House on Tuesday that would...

  • April 5- Energy and mining company Freeport-McMoRan Inc said the chief executive of its oil and gas unit, Jim Flores, is stepping down, as the company restructures its business to cut costs. The company, under pressure from largest shareholder Carl Icahn and weak commodity prices, said in October it was looking at a strategic review of its oil and gas business,...

  • DUBAI, April 5- Al Jaber Group missed a March repayment on its $4.5 billion restructuring, three sources aware of the matter told Reuters on Tuesday, adding pressure on the Abu Dhabi- based conglomerate to quickly secure a new debt deal to save it from collapse. A spokesman for Al Jaber declined to comment. Al Jaber began speaking to creditors last year about...