Page 172 - Restructuring News Today

The management at SABC radio stations have been given a major shake-up amid the broadcaster’s financial woes and mass retrenchments.

(2) SEATTLE, WA / ACCESSWIRE / March 10, 2021 / ReelTime VR/ReelTime Media (OTC PINK:RLTR): announced that it has begun an initiative to restructure its debt resulting in a dramatic reduction of potential dilution from convertible notes. Although currently all convertible notes contain a provision that at no time can the notes be converted that would result in any note holder owning greater than 4.99 percent of the issued and outstanding shares, if all notes were to be converted at face value t...

Petra Diamonds Ltd - Completion of the Restructuring PR Newswire Completion of the Restructuring Introduction The Company is delighted to announce that it has today completed the implementation of the recapitalisation of the Group (the "Restructuring") initially announced on 20 October 2020. The key features of the Restructuring are as follows: partial reinstatement of the Notes debt and the contribution by holders of the existing Notes of US$30.0 million in New Money, each taking the form of...

The European Commission disagrees with a French government plan to restructure EDF and sees a break-up of the nuclear utility into several units as the only solution, the state-owned firm's chief executive Jean-Bernard Levy said in an interview.

Petra Diamonds Ltd - Update regarding the Restructuring PR Newswire Update regarding the Restructuring The Company is pleased to announce that the Proposed Restructuring Effective Date occurred today and that all of the implementation steps to the recapitalisation of the Group (the "Restructuring") have occurred other than Admission (as defined below). It is expected that as part of the Restructuring and pursuant to the debt for equity conversion announced on 22 December 2020, 8,844,657,929 N...

Planemakers Airbus and Boeing are bracing for hefty jet order cancellations from troubled Norwegian Air amid restructuring proceedings, industry sources said.

CNBM begins restructuring cement business 05 March 2021 China National Building Materials (CNBM) has begun restructuring its cement business and has subsequently sold China United Cement, Sinoma Cement, as well as a 99.9 per cent stake in South Cement and a 95.7 per cent stake in Southwest Cement, to its Xinjiang Tianshan Cement subsidiary for a total consideration of CNY88.25bn (US$13.64bn).  Tianshan Cement will issue 442,343,026 consideration shares for the amount, alongside...

Norwegian Air expects its dispute with Boeing over the cancellation of orders for 97 aircraft to be decided in U.S. legal proceedings and not as part of an Irish restructuring process, a lawyer for the airline said on Friday.

Norwegian Air is not asking Ireland's High Court to interfere with legal proceedings between itself and Boeing in the United States over the cancellation of 97 plane orders, a lawyer for the airline said on Friday.

Message : Required fields DUBLIN, March 5 (Reuters) - Norwegian Air expects its dispute with Boeing over the cancellation of orders for 97 aircraft to be decided in U.S. legal proceedings and not as part of an Irish restructuring process, a lawyer for the airline said on Friday. Norwegian was given protection from bankruptcy in both Norway and Ireland, where most of its assets are registered, late last year and is aiming to emerge from the process in April with fewer aircraft and less debt. On ...