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Interest jumps in US auction of shares in parent of Venezuela-owned Citgo

Dozens of companies have rushed in recent weeks to obtain data and join a U.S. court-ordered auction of shares in a parent of Houston-based oil refiner Citgo Petroleum, Venezuela's foreign crown jewel, according to people familiar with the matter, as a first-round bidding is set to close on Monday. The sale, expected to be one of the largest U.S. court auctions, was launched in October by a Delaware judge to settle a long-running legal battle against Venezuela for expropriations and mounti...
United States Distrito Federal Matthew Blair Gary Mcwilliams Nicolas Maduro Marianna Parraga
Source: yahoo.com

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Radio Giant Audacy Files for Bankruptcy, Enters RSA to Reduce Debt to $350MM from $1.9B - News

Audacy entered into a restructuring support agreement with a supermajority of its debtholders on the terms of a comprehensive restructuring that will significantly deleverage its balance sheet and further position Audacy for long-term growth. Through the restructuring, Audacy and its debtholders will undertake a deleveraging transaction to equitize...
United States Gump Strauss Hauer Feld United States Bankruptcy Court Latham Watkins Communications Commission Evercore Group

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