Page 43 - Debt Restructuring News Today

On debt rejig drive, SP Group may sell stake in 3 companies Surabhi Mumbai | Updated on   The Shapoorji Pallonji Group is looking to monetise its assets and may sell its stake partly or fully in at least three of its group companies, including Eureka Forbes, Sterling and Wilson Solar and Afcons Infrastructure, as part of the one-time debt restructuring package being discussed with the lenders. The company plans to raise about ₹10,332 crore through this asset sale. Additionally, Inter Corpora...

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The International Monetary Fund (IMF) headquarters in Washington, D.C. (Getty Images) Bloomberg By Samuel Gebre The International Monetary Fund backed Ethiopia’s plan to rework its debt under the Group of 20 common framework as it reached a staff-level agreement with the government on credit facilities. To strengthen debt sustainability, the authorities aim to lower the risk of debt distress rating to moderate by re-profiling debt service obligations,” the lender said in an emailed stateme...

Share this article Share this article MORRISVILLE, N.C., Feb. 9, 2021 /PRNewswire/ -- Pyxus International, Inc. (OTC Pink: PYYX) ("Pyxus" or the "Company"), a global value-added agricultural company, today announced results for its fiscal quarter ended December 31, 2020. Quarter Highlights: Sales and other operating revenues increased $16.3 million or 4.5% to $379.6 million for the three months ended December 31, 2020 from $363.3 million for the three months ended December 31, 2019. Gross pr...

Press release content from Globe Newswire. The AP news staff was not involved in its creation. Western Sierra Resource Corporation Completes Definitive Agreement to Consolidate Assets, ... Western Sierra Resource CorporationFebruary 8, 2021 GMT STEAMBOAT SPRINGS, Col., Feb. 08, 2021 (GLOBE NEWSWIRE) -- WESTERN SIERRA RESOURCE COPORATION (“WSRC” or the “Company”) (OTC: WSRC) is pleased to announce that it has signed the Definitive Agreement with Prescient Strategies Group LLC (“PSG”)...

Requests for restructuring had not been as expected, PNB Managing Director Mallikarjuna Rao said.

Debt restructuring requests lower than expected: PNB MD Mallikarjuna Rao Premium 1 min read The bank had earlier expected a total amount of ₹40,000 crore to be restructured Share Via Read Full Story NEW DELHI: State-owned Punjab National Bank (PNB) on Saturday said it has received debt restructuring requests worth ₹12,000 crore. “Out of this ₹9,000 crore was for corporates, which we have already invoked before December 31," the managing director and chief executive officer S.S. Malli...

Share this article Share this article DALLAS, Feb. 3, 2021 /PRNewswire/ -- Santander Consumer USA Holdings Inc. (NYSE: SC) ("SC" or the "Company") today announced net income for the fourth quarter ended December 31, 2020 ("Q4 2020") of $521 million, or $1.70 per diluted common share. Net income for the full year 2020 ("2020") was $911 million, or $2.87 per diluted common share. As a result of the Federal Reserve Boards extended interim policy (the "Interim Policy"), SC is prohibited from payi...

[SHANGHAI] A unit of GCL-Poly Energy Holdings Ltd. defaulted on a US$500 million bond after ending an exchange offer with existing bondholders. Read more at The Business Times.

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