Brazil’s Braskem Said to Plan Court Protection Against Creditors
Braskem SA, Brazil’s largest petrochemical company, is considering seeking protection in local courts against its creditors, according to people involved…
Tag: Creditors
Raízen Creditors Ask Shareholders for Meaningful Money Injection
Bondholders and bank creditors from struggling sugar and ethanol producer Raízen SA sent letters to its major shareholders, Cosan SA…
Thames Water Creditors Take Rescue Deal to Ratings Firms for Nod
Thames Water’s senior creditors are seeking approval from ratings agencies for a crucial rescue plan that would prevent the ailing…
QVC Is in Talks With Creditors to Restructure Debt in Bankruptcy
QVC Group Inc. is negotiating a voluntary debt restructuring agreement with its creditors that could be implemented as part of…
Creditors Take Stake in Allianca and Light After Collateral Call
Creditors who financed troubled-asset investor Nelson Tanure moved to seize part of his stakes in Allianca Saude e Participacoes SA…
UK’s Tax Crackdown Adds Risk for Struggling Firms and Creditors
The country’s tax collector is ramping up efforts to retrieve about £27 billion in debt www.bloomberg.com #UKs #Tax #Crackdown #Adds…
Wes Edens’ NFE in Talks With Creditors to Take Preferred Equity
Wes Edens’ New Fortress Energy Inc. is ironing out a proposed restructuring support agreement that would see creditors get preferred…
First Brands Creditors Hire Firm That Probed FTX Bankruptcy
First Brands creditors have hired a financial-investigations firm that probed fraud-tainted crypto exchange FTX to aid an examination of the…
Cash-Strapped Saks Skips Bond Payment Amid Talks With Creditors
Saks Global Enterprises, the cash-strapped retailer, skipped an interest payment to bondholders totaling more than $100 million that was due…
‘It’s Revenge of the Banks’ as Private Creditors Lose Their Edge
Deregulation is giving bankers new swagger in their rivalry with asset managers www.bloomberg.com #Revenge #Banksas #Private #Creditors #Lose #Edge