GO
Loading...

Enter multiple symbols separated by commas

Restructurings

More

  • June 16- Casino company Caesars Entertainment Corp was sued for more than $6 billion by a representative for noteholders who are the lone creditors backing its plan to overhaul $18 billion in debt. The lawsuit was brought by UMB Bank, which is the indenture trustee for several issuances of first-lien notes, and not by actual noteholders, which include the...

  • June 16- Casino company Caesars Entertainment Corp was sued for more than $6 billion by a representative for noteholders who are the lone creditors backing its controversial plan to overhaul $18 billion in debt. The lawsuit was brought by UMB Bank, which is the indenture trustee for several issuances of first-lien notes, and not by the actual noteholders, which...

  • An affiliate of private equity firm Sciens Capital Management has proposed buying Colt Defense by assuming obligations including up to $105 million in outstanding loans and as much as $20 million in new loans, court documents filed on Monday show. That is pretty much what bondholders proposed in May, according to the filings in the U.S. Bankruptcy Court in...

  • DUBAI, June 15- Qatar Investment Authority, one of the world's most aggressive sovereign wealth funds, will set asset allocation targets for the first time and restructure internal decision-making, sources say, in response to a drop in oil prices that has crimped available funds as competition for assets grows. The sources, who all either work in Qatar or for...

  • LONDON, June 15- Ukraine's sovereign dollar bonds fell on Monday after the IMF pledged to lend to Kiev even in the absence of a debt swap deal and hinted a creditors' debt restructuring proposal was not acceptable. Bondholders had proposed a plan which they say could save Ukraine $15.8 billion over the four-year period of its IMF-led bailout without forcing them...

  • Colt Defense files for bankruptcy protection Monday, 15 Jun 2015 | 7:21 AM ET

    Famed U.S. gun maker Colt Defense LLC said it filed for Chapter 11 bankruptcy protection.

  • Famed U.S. gun maker Colt Defense LLC said it filed for Chapter 11 bankruptcy protection.

  • Talks on ending the deadlock between Greece and its international creditors broke up in failure, with European leaders venting frustration as Athens stumbled towards a debt default that threatens its future in the euro. He said the only way Greece would be able to repay its debts was if there was a restructuring and a deal could be possible if Chancellor Angela...

  • BERLIN, June 13- Germany's finance ministry denied a report on Saturday that its officials were working on a plan to allow an orderly debt restructuring for any country that becomes insolvent. German magazine Der Spiegel had reported that Finance Minister Wolfgang Schaeuble asked officials to draft plans for a system of debt restructuring for any insolvent...

  • WASHINGTON, June 12- The head of the International Monetary Fund said on Friday that the global lender could continue to lend to Ukraine even if talks over restructuring Kiev's debt fail and the nation determines it cannot meet its obligations. "In the event that a negotiated settlement with private creditors is not reached and the country determines that it...

  • WASHINGTON, June 12- The head of the International Monetary Fund said on Friday that the global lender could continue to lend to Ukraine even if talks over restructuring Kiev's debt fail and the nation determines it cannot meet its obligations.

  • *Greece says up to lenders to respond to its proposals. BRUSSELS/ ATHENS, June 10- Greece and its international lenders moved closer to the brink on Wednesday with the leaders of Germany and France holding off on an expected meeting with Prime Minister Alexis Tsipras to press for more concessions from the Greek side. Without an agreement to unlock more aid money,...

  • European shares hit new one-month low, HSBC dips Tuesday, 9 Jun 2015 | 3:09 AM ET

    LONDON, June 9- European shares fell on Tuesday to extend a recent losing streak, tracking a drop in U.S. stocks, with HSBC slightly lower after announcing a drastic restructuring plan. The pan-European FTSEurofirst 300 index was down 0.4 percent at 1,522.18 points by 0706 GMT, tracking a fall on Wall Street as investors speculated that the Federal Reserve may...

  • KIEV, June 8- Ukrainian Finance Minister Natalia Yaresko said she was convinced Ukraine would receive $1.7 billion in a second tranche of credit from the International Monetary Fund, even if no deal was tied up with creditors to restructure huge debts. Ukraine, which has been driven to the edge of bankruptcy by gross economic mismanagement and a separatist...

  • UKRAINE'S YARESKO SAYS AGREEMENT WITH CREDITORS ON RESTRUCTURING IS IMPORTANT FOR THE IMF BUT "NOT AN ESSENTIAL CONDITION".

  • Greek bid for debt relief faces euro zone scepticism Sunday, 7 Jun 2015 | 11:45 AM ET

    BRUSSELS, June 7- Greece wants to restructure its huge public debt through cheaper refinancing, longer maturities, a write off of some principal and turning some debt into perpetual or GDP-linked bonds, but the plans have no support in the euro zone so far. A restructuring has been one of the key demands from Greece in its negotiations with creditors on new...

  • LONDON, June 5- A debt restructuring deal for Ukraine seemed far off on Friday, after its finance ministry and creditors accused each other of a lack of engagement in talks and Kiev dismissed the offer from bondholders as unacceptable. Kiev and a creditors' committee led by Franklin Templeton had earlier held a teleconference aimed at reaching a deal to enable...

  • LONDON, June 5- A group of Ukraine's creditors expressed disappointment on Friday that no basis had yet been found for detailed negotiations with Kiev on how to restructure its debt. Kiev and a creditors' committee led by Franklin Templeton had earlier held a teleconference aimed at reaching a deal to enable Ukraine to meet targets attached to a $40 billion...

  • NEW YORK, June 2- A turnaround plan by Puerto Rico utility PREPA suggests restructuring debt in way that might lead to a downgrade, and discussions with creditors could center on sharing the costs of a gap of about $1 billion identified by the utility, analysts said on Tuesday. PREPA proposed a plan on Monday that requires investment of at least $2.3 billion and...

  • KIEV, May 28- Ukraine on Thursday confirmed it was raising $1 billion by selling new bonds backed by the U.S. government and said the issue should contribute to cutting its international debt servicing costs. Near-bankrupt Ukraine is seeking to restructure $23 billion of foreign debt in order to make budget savings of $15.3 billion between 2015 and 2018 which...