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…
Tag: Creditors
‘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
Billionaire Patrick Drahi’s Third Act Against Creditors
A highly aggressive financial maneuver crunches down existing creditors and moves assets out of their reach www.bloomberg.com #Billionaire #Patrick #Drahis…
Creditors Brace for an Ugly Fight Over $5 Billion Debt at CD&R’s Multi-Color
Trouble at one of the private equity firm’s portfolio companies has led to scrutiny of its other holdings www.bloomberg.com #Creditors…
Brazil’s Azul Says It Reaches Deal With Unsecured Creditors
Azul SA said it reached an agreement with a committee representing the company’s unsecured creditors on a plan to advance…
Petrofac’s Unraveling Leaves Next to Nothing to Creditors
The UK-based oil firm had agreed to write off part of its debt, but the deal was overturned by the…
Subprime Lender PrimaLend’s Creditors Eye Bankruptcy Push
Creditors of PrimaLend, which provides financing to auto dealerships that cater to subprime borrowers, are weighing pushing the firm into…
I’m having brain surgery. Will my heirs or the creditors get my money if I die?
“I’m 47 and have a small amount of investments totaling about $45,000, and I also have the same amount in…
Thames Water Creditors Pitch Fresh Funds, Steeper Debt Haircuts
Thames Water’s senior creditors have pledged to inject £5.4 billion ($7.3 billion) of fresh funds into the company and accept…
Creditors of Brazil’s Braskem Race to Organize Amid Bond Slump
Braskem SA bondholders are rushing to form a group after the Brazilian petrochemical company hired advisers to review its capital…