Page 171 - Restructuring News Today

Now that the holding groups have all released their annual results, we look at the big picture / Jan Vašek/Pixabay The dawn of a new financial year allows us to sift through the wreckage of 2020 and quantify the relative performance of all the top global advertising networks during a period of abrupt and far-reaching change. With 2020 behind us, The Drum rounds-up the performance of the biggest networks in advertising, highlight those most wounded, and those who escaped mostly unscathed. WPP W...

Proxy advisers Institutional Shareholder Services Inc and Glass Lewis & Co recommended separately that LG Corp shareholders vote against the South Korean company's plan to spin off five affiliates, arguing there is no "compelling" reason for the proposed transaction.

Proxy advisers Institutional Shareholder Services Inc and Glass Lewis & Co recommended separately that LG Corp shareholders vote against the South Korean company's plan to spin off five affiliates, arguing there is no "compelling" reason for the proposed transaction.

Norwegian Air submitted its final restructuring offer to creditors on Thursday in what the budget airline said was a major step in its plan to slash debt and reduce its fleet to survive the... | March 11, 2021

By Reuters Staff 2 Min Read JOHANNESBURG (Reuters) - Virgin Active’s UK business will get an additional 45 million pounds ($62.7 million) in funding from the fitness chain’s shareholders as part of a restructuring, its majority owner, investment firm Brait SE, said on Thursday. FILE PHOTO: The Virgin Active logo is seen outside their fitness club in central Singapore, March 5, 2019. Picture taken March 5, 2019. REUTERS/Loriene Perera Shares in Brait, which holds just under 80% of Virgin Act...

WPP boss Mark Read says he expects a ”solid year of recovery” for the holding company amid the vaccine rollout after it reported a £2.79bn ($3.89bn) pre-tax loss for a Covid-ravaged 2020.

Paris and Brussels have agreed on the broad principles of a deal to restructure power group EDF, two French government sources said on Thursday, adding that France hoped an agreement would be sealed in the coming weeks.

3 Min Read PARIS (Reuters) - Paris and Brussels have agreed on the broad principles of a deal to restructure power group EDF, two French government sources said on Thursday, adding that France hoped an agreement would be sealed in the coming weeks. FILE PHOTO: The company logo for Electricite de France (EDF) is seen in Paris, France, March 2, 2021. REUTERS/Benoit Tessier Talks about an overhaul of the indebted state-controlled company are expected to come to a head by the end of March, two unio...

Company initiates voluntary, prepackaged Chapter 11 process that will eliminate over $250 million of funded debt obligations Chapter 11 process expected to conclude in approximately 60 days All operations to continue as usual; employees, vendors, royalty owners, and other trade creditors to continue being paid in full in the ordinary course of business Enters Chapter 11 process with at least $45 million of committed DIP financing DENVER, March 09, 2021 (GLOBE NEWSWIRE) -- Sundance Energy Inc....

Suzlon Energy announced that since the Companys bank facilities / debt instruments have undergone restructuring and there has been a significant change in repayment terms, at the request of the Company, CARE Ratings has withdrawn the ratings assigned to the said facilities (which now stands restructured) with effect from 8 March 2021. Further, a RP-4 rating has been assigned by the CRISIL and India Ratings & Research, the rating agencies appointed by the consortium of lenders, to the Resolutio...