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Owner: Purdue hoped new Oxy would help in crisis; no apology

Owner: Purdue hoped new Oxy would help in crisis; no apology
localnews8.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from localnews8.com Daily Mail and Mail on Sunday newspapers.

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OxyContin-maker Purdue goes to judge to confirm settlement

OxyContin-maker Purdue goes to judge to confirm settlement
wxow.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wxow.com Daily Mail and Mail on Sunday newspapers.

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Purdue Pharma director grilled on proposed opioid settlement

Purdue Pharma director grilled on proposed opioid settlement
wsiltv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wsiltv.com Daily Mail and Mail on Sunday newspapers.

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Chesapeake Energy Emerges from Chapter 11

Chesapeake Energy Corporation (NASDAQ: CHK) has announced that it has successfully concluded its restructuring process and emerged from Chapter 11.
Chesapeake Energy Corporation (NASDAQ: CHK) has announced that it has successfully concluded its restructuring process and emerged from Chapter 11.
The reorganized business, which equitized around $7.8 billion of debt, permanently eliminated over $1 billion in annual cash costs from 2019 levels, has an anticipated cumulative free cash flow of more than $2 billion over the next five years, and is targeting a long-term net debt to EBITDAX ratio of less than one.
The company now has a capital reinvestment strategy of 60 to 70 percent of cash flow and a commitment to achieving net-zero greenhouse gas (GHG) direct emissions by 2035. Chesapeake also has new board of directors, which was said to be nominated by long-term value-focused equity holders. The new board includes chairman Michael Wichterich, Timothy S. Duncan, Benj ....

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24 Hour Fitness Successfully Completes Chapter 11 Process; Emerges with Strengthened Capital Structure

[December 31, 2020]
24 Hour Fitness Successfully Completes Chapter 11 Process; Emerges with Strengthened Capital Structure
24 Hour Fitness (the Company ), a fitness industry leader for over 35 years, today announced its emergence from chapter 11 protection. The Company has successfully completed its financial restructuring process and has implemented the plan of reorganization confirmed by the U.S. Bankruptcy Court on December 21, 2020. The Company now has greater financial strength with an optimized cost structure and leaner balance sheet after eliminating $1.2 billion of funded debt.
Chief Executive Officer Tony Ueber stated, 24 Hour Fitness is now well-positioned and well-capitalized to become the leading fitness provider, serving club members and guests across nearly 300 clubs nationwide at a time when a supportive and motivating gym community has never been more important. Safety will continue to be our top priority as we move forward with reinvesting in our cl ....

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