Sentences with phrase «company restructures its debt»

Not exact matches

S&P said in March a rupiah exchange rate of 15,000 a dollar is «the psychological level» at which companies with weak balance - sheets could struggle with repayments and those with good cashflow might start to proactively restructure their debt.

The company has struggled to find a buyer or reach a debt - restructuring deal with lenders, leaving it with few options.

The company has failed to find a buyer or reach a debt restructuring deal with lenders, leaving it with few options, people familiar with the situation said at the time.

Perth - based Swan Gold Mining has completed a one - for - 10 share consolidation as part of a restructuring of the company that it proposes including a capital raising of up to $ 20 million and debt to equity conversion of more than $ 29 million.

Under a restructuring pact, senior lenders including Silver Point Capital, Melody Capital Partners LP and funds affiliated with KKR Credit Advisors will exchange debt for equity ownership in the reorganized company.

Noble is pursuing a $ 3.4 billion debt restructuring - crucial for the survival of the company - which has sold billions of dollars of assets, taken hefty writedowns and cut hundreds of jobs over the past three years to cut debt.

The company won U.S. court approval on Tuesday for its multi-billion dollar debt restructuring plan after reaching a deal with more than 40 banks, unsecured creditors and shipyards.

In a debt restructuring (in bankruptcy court or negotiated privately), they might lose money on the debt, but as creditors, they get part or all of the equity of the restructured company.

Potential reputational risk associated with owning Remington could also complicate the company's negotiations with its creditors, because in a debt restructuring companies often offer equity as an incentive for debt forgiveness, the sources said.

(Reuters)- Remington Outdoor Company Inc, one of the largest U.S. makers of firearms, is working with investment bank Lazard Ltd (LAZ.N) on options to restructure its $ 950 million debt pile, people familiar with the matter said on Friday.

The company suspended trading this month on more than $ 2 billion worth of bonds and said it would seek to restructure its debt.

Event - driven funds, which invest in companies going through major events, such as restructurings, debt exchanges and mergers and acquisitions, experienced modest 2017 performance.

Kelter estimates if the company took on C$ 1 billion of debt and increased its leverage to three times EBITDA including restructuring or rent costs, it could fund a C$ 6.50 special dividend or buy back up to 12 percent of shares.

That's likely because any restructuring deal that could conceivably return the company to health required such a massive write - down in debt that debtholders hoped to get more of their money back by simply selling off the company's assets.

In August, Azria surrendered his majority equity stake as part of a debt restructuring and left the company, Etlin said.

They said the company is not currently pursuing a debt restructuring, although it is seeking relief from a $ 225 million term loan due in 2020 and $ 200 million revolving credit line that comes due in 2019.

Birchbox's executive team led by Beauchamp believes the company's move toward profitability, coupled with the debt restructuring, gives it a good shot at remaining independent and potentially raising more capital, according to sources.

In July 2014, Debtwire informed that Fortress and other hedge fund companies were trying to take a more active role facing a possible restructuring of the debt acquired by the government of Puerto Rico.

This is a «prepackaged» bankruptcy filing where the company has reached an agreement with its creditors — which include PE firms Elliott Management, Monarch Alternative Capital LP, and Apollo Global Management — to restructure its debt, meaning that ownership will be transferred to creditors in exchange for some of the debt.

Global restructuring and distressed debt firms including Houlihan Lokey have established Australian operations in the past three years and are picking up mandates as troubled companies look to avert collapse.

HFRI Event Driven Index maintains positions in companies currently or prospectively involved in corporate transactions of a wide variety including, but not limited to, mergers, restructurings, financial distress, tender offers, shareholder buybacks, debt exchanges, security issuance, or other capital structure adjustments.

They snap up struggling publicly traded companies, with the help of some debt financing, spend a few years turning them around by restructuring or shedding businesses and then they sell them back to public stockholders, ideally at a gain.

The utility company ended up making a deal with its creditors to restructure $ 5.7 billion of its total $ 9 billion debt.

This is where the insolvent debtor restructures the debts it owes to creditors, according to a rehabilitation plan, while the company continues its operations.

Now that TXU has eliminated roughly $ 33 billion of debt through the restructuring and eliminated ongoing restructuring expenses, we believe the company will be more nimble, more strategic and better positioned for M&A activity.

The top five debt restructurings of 2012 were Greece and the Tribune Company, followed by Kazakhstan's BTA Bank, Washington Mutual and Mexican cement producer Cemex.

The media and entertainment industry accounted for 34 % of the US debt - restructuring market last year, led by the Tribune Company's $ 13 billion deal.

Numerous large Turkish companies have sought to restructure their debts.

Atlas is striving to complete a major restructuring of its Term Loan B debt facility announced in December, under which the miner's lenders would cancel about half the debt and extend its maturity date in exchange for 70 per cent of the company's shares and options on issue.

Smith works in sales for a company that restructures debt, but since receiving his first SI subscription at 13 from his grandmother, getting covers signed has been what he really does.

But the company says it's restructuring its debt and has new investors lined up to funnel in some much - needed cash.

The classic McElvaine holding is a firm of significant size in its own industry, with a reasonable debt load, headed by an owner - CEO who is in the middle of restructuring the company.

thus are expecting more companies in debt to attempt to restructure this year.

The company has since restructured to cut its massive debt and re-emerged as Yellow Pages Ltd. — but the original shareholders of Yellow Pages Income Fund got nothing in the reorganization.

The restructuring industry includes law firms, investment banks, lenders, and more who deal with companies who are restructuring their debt through bankruptcy or other means.

Excuse us if we wax nostalgic over the prospect of the company disappearing (many of us bought a first toy for ourselves or kids there), but the company insists it has plans to stick around after it restructures a mountain of debt.

Peak Legal Advocates is a leading attorney debt restructuring company in America.

In the debt restructuring the company wants to pay creditors the $ 10.3 million of debt related to the land and $ 1.7 million related to the negative equity of the other assets.

While many companies have been able to file for Chapter 11 and successfully restructure their debts and remain in business, others have not.

When a company goes bankrupt, it gains the legal right to restructure its debts.

In my experience, once the debt restructuring process begins, it tends to continue... and we've already seen a rescheduling of the company's debt repayments.

So if I'm in debt restructuring situation, I don't need checklist for that I check that the company actually has debt carrying capacity (take Sirius Real Estate for example).

The company's restructuring & sale of its APN News & Media (APN: AU) stake has eliminated all debt, and left the company with $ 60 million of (surplus) cash.

Let's be kind & presume an average margin of 7.2 % is possible, now the debt restructuring's given the company some breathing room — this deserves the same 0.6 P / S multiple as last year.

I can see that investors might be a bit spooked by this, as the company went into bankruptcy due to its high level of debt (which I might attribute to poor management), and the continuing restructuring charges might be construed as further management ineptitude.

Vulture investors like Mr. Smith often buy up the debt of weak companies for pennies on the dollar, hoping to turn a profit when the companies go through bankruptcy or restructure their businesses.

In September 2001, U.S. Rep. Roy Blunt of Missouri announced that the USDA had approved a $ 900,000 guaranteed rural development loan for the company to purchase equipment for its McDonald County operations; restructure its debt, and expand its operations.

OnLive was acquired by Lauder Partners in August, and considering the amount of debt the company had racked up, it's not overly surprising to see the company restructured.

Still, it's nice to see a company restructuring without layoffs and without leaving debts.

July has been filled with speculation that Vivendi is considering selling their 61 % stake in Activision Blizzard in order to put a little much needed green in the company's back pocket and restructure their debt load.