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Stoneway Capital Corporation and Mezzanine Lenders Enter into an Amended and Restated Restructuring Support Agreement with Ad Hoc Group of Noteholders to Effect the Restructuring of Existing Notes News provided by Share this article Stoneway," and together with its subsidiaries and parent entities, the " Company") and an ad hoc group of note holders (the " Consenting Holders") holding a substantial majority of 10.000% Senior Secured Notes due 2027 (the " Existing Notes") issued by Stoneway have agreed to amend and restate the previously disclosed restructuring support agreement, dated as of S...

Belk Fast Tracks Bankruptcy as New Investors Give Sycamore Partners a Second Chance Posted on 02/24/2021 Belk, Inc. is an American department store chain founded in 1888 by William Henry Belk in Monroe, North Carolina. Charlotte-based Belk will file for Chapter 11 bankruptcy on February 24 in an effort the company hopes will reduce debt by about US$ 450 million. The company’s majority owner is Sycamore Partners. Sycamore Partners is a private equity firm based in New York specializing in consumer and retail investments. The department store company entered a Restructuring Support Agreement....

Press release content from Business Wire. The AP news staff was not involved in its creation. Voyager Announces Entry into Restructuring Support Agreement with Support of Equityholders and Unsecured Noteholders February 19, 2021 GMT Voyager Aviation Holdings, LLC (“ Voyager ” or the “ Company ”), a leading global aviation investment firm, announced today that it has entered into a restructuring support agreement (the “ Restructuring Support Agreement ”) documenting its previously announced agreement in principle with beneficial owners of approximately 60% of the Company’s 8.5...

SsangYong UK managing director says British operations are unaffected, and the company is “open for business” 22 Dec 2020 Korean budget brand SsangYong has filed for bankruptcy after it failed to repay creditors a 60 billion won loan - roughly £40,000,000. The company claims it has delayed the repayment due to worsening business conditions globally, and having failed to come to an agreement to extend repayment deadlines with foreign lenders has applied for receivership.  “The company plans to resolve the current liquidity issue early before the rehabilitation procedures are commenced ...