Sentences with phrase «debt restructuring in»

However, in Wednesday's report, Kerrisdale Capital said its research leads it to believe that Kodak won't be able to compete with other blockchains startups, because «it's staring at the possibility of default and a debt restructuring in the next 12 - 18 months.»

A second debt restructuring in 2010 brought the percentage of bonds out of default to 93 %, but some creditors have still not been paid.

The reason for this is that most of the asstes have been pledged for the bank loans after a debt restructuring in 2010.

A voluntary method of debt restructuring in which a person makes a lump sum payment to a financial counseling agency who distributes the funds to creditors.

There is additional legislation that has not been passed yet which would allow for easier and more favorable student loan debt restructuring in the near future.

BTA Bank agreed to an $ 11.2 billion debt restructuring in October 2012.

We continue to believe that Greece will have to undertake debt restructuring in the next year or two.»

Partial debt forgiveness has been a formal part of nearly every sovereign default or debt restructuring in modern history, although usually not until there has been a long and painful period of angry posturing and one or more partial restructurings.

Columbus, who chaired his former firm's bankruptcy group, focuses his practice primarily on business reorganization matters and out - of - court debt restructurings in a wide range of matters for a diverse group of clients, including banks and other financial institutions, secured creditors, unsecured creditors, creditor committees, debtors, plan trustees and buyers of distressed assets.

Not exact matches

The eventual restructuring of Greece's debt was too long in coming and inadequately done.

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.

Charlotte Russe, a women's clothing retailer, completed restructuring of nearly $ 230 million of its debt in an exchange that Moody's determined was a «distressed exchange.»

Bon - Ton Stores, which filed for Chapter 11 bankruptcy in February, had tried but failed to talk its creditors into restructuring its nearly $ 1 billion in debt.

And now $ 10 billion in debts are going to get «restructured» away.

In some cases, these retailers were able to come to an agreement with their creditors and restructure their debts without going through bankruptcy court, as the threat of bankruptcy motivates the creditors to negotiate.

However, at a meeting in May they postponed any significant debt restructuring measures to 2018.

That's because while declaring bankruptcy would help the sunny Caribbean island restructure and reduce its $ 72 billion debt load, it wouldn't help Puerto Rico slim down its costly government operations in order to avoid getting in trouble again.

A large share of Italian debt issued under domestic legislation does not have any contract terms and is regulated by an Italian law that gives the Italian Treasury ample latitude to restructure the debt... The composition of Italian public, however, is changing rapidly because in January 2013, Eurozone members started issuing bonds with standardized contract terms.

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.

Despite the cliché that Italians are living la dolce vita, Italy has been hit hard but the 2008 economic recession and has had to restructure its debt and pension obligations to government workers in order to receive bailouts from the EU.

SINGAPORE, April 26 (Reuters)- Goldilocks Investment Co. Ltd, a dissident shareholder of Noble Group Ltd, filed a lawsuit in Singapore on Wednesday against the commodities trader, seeking to prevent Noble from pursuing a debt restructuring.

In a statement to the Singapore bourse on Thursday, Noble said Goldilock's claims were without merit and it would try to implement the debt restructuring for the benefit of all stakeholders.

NEW YORK, March 27 - Puerto Ricos Government Development Bank, the islands insolvent former fiscal agent now in wind - down mode, has tweaked its $ 5 billion debt restructuring deal to help keep small towns afloat six months after Hurricane Maria.

SINGAPORE, April 19 - Embattled Noble Group said it will drop a provision in its $ 3.4 billion debt restructuring proposal that placed restrictions on shareholders voting against the plan after criticism from the Singapore Exchange.

SINGAPORE, April 19 - Bowing to criticism from the Singapore Exchange and other investors, embattled Noble Group is removing a provision in its $ 3.4 billion debt restructuring proposal that penalised shareholders voting against the plan.

DAKAR, April 14 - The International Monetary Fund said it was resuming loan disbursements to Chad after the Central African oil producer reached an agreement in principal to restructure its more than $ 1 billion debt to Glencore and four banks.

Commodities trader Noble Group said it has finalised a binding agreement with a group of senior creditors holding 46 percent of its debt, and was in talks with others, on a restructuring deal crucial to its survival.

The news comes just days after Bloomberg News reported that the one - time toy selling giant had been unable to find a buyer in bankruptcy court or restructure its debt, and that it was preparing to liquidate its U.S. business.

Generic drug giant Teva really is going to cut tens of thousands of jobs in a gigantic restructure for the struggling and debt - laden pharmaceutical — in fact, the 14,000 planned layoffs announced Thursday actually surpass initial reports.

OFFSHORE investors are targeting the assets of distressed property investment funds, while listed developers have restructured their debt and are ready to chase bargains in Perth's residential development land market, new research shows.

BRAZZAVILLE, April 19 (Reuters)- Congo Republic's current efforts to restructure its external debt will not affect multilateral creditors or holders of its Eurobond and regional bond, Prime Minister Clement Mouamba said in a statement late on Wednesday.

When it finally happened, the impact on the markets was muted, which means there may be less urgency to resolve a standoff in Congress over debt restructuring legislation.

Local efforts by GDB and other Puerto Rican debt issuers to reach a debt restructuring are running in parallel with plans in the U.S. Congress to draft legislation aimed at solving the island's economic crisis, possibly by allowing it to restructure debt and putting its finances under federal oversight.

Puerto Rico is mired in an 11 - year recession and trying to restructure some of its $ 72 billion public debt load as it struggles to recover from Hurricane Maria.

The provisions of Chapter 11 of the U.S. Bankruptcy Code allow businesses to find ways to reduce their debt and restructure their operations without having to be shut down and liquidated to satisfy debts — instead of closing their doors, businesses can stay open, pay their employees, and take in revenue while developing a budget and a repayment plan for creditors (subject to the approval of the bankruptcy court).

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 companIn 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 companin 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.

Progress in a few areas has been solid: slashing of bureaucratic red tape has led to a surge in new private businesses; full liberalization of interest rates seems likely following the introduction of bank deposit insurance in May; Rmb 2 trillion (US$ 325 billion) of local government debt is being sensibly restructured into long - term bonds; tighter environmental regulation and more stringent resource taxes have contributed to a surprising two - year decline in China's consumption of coal.

Former Greek Prime Minister George Papandreou proposed calling a referendum on a private sector debt - restructuring plan agreed with the creditors as part of a second bailout package in October 2011.

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.

Fresh loans and restructured debts postponed the Greek dilemma but the durability of the Euro currency is in question.

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

Madrid can confound elite consensus and move aggressively to restructure Spain's external debt while redefining its participation in the euro, for example by leaving the euro while committing credibly (i.e. with German support) to rejoin the currency union at some specified future date.

There can be a successful European Union, and many of the changes that are needed to ensure success are likely to be relatively easy to implement, especially if they are part of an overall package that includes significant debt restructuring and forgiveness, but the current structure is not in place.

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.

The latest deal comes at a time of upheaval in the industry, with rival deepwater rig firm Seadrill (SDRL.OL) undergoing a restructuring of debt and liabilities amounting to some $ 14 billion, while newcomers such as Borr scoop up cheap assets.

In my first week as minister for finance I was visited by Jeroen Dijsselbloem, president of the Eurogroup (the eurozone finance ministers), who put a stark choice to me: accept the bailout's «logic» and drop any demands for debt restructuring or your loan agreement will «crash» — the unsaid repercussion being that Greece's banks would be boarded up.

In the subsequent years, one after another of the indebted LDCs obtained notional debt forgiveness of 30 - 50 % in the subsequent Brady - bond restructuringIn the subsequent years, one after another of the indebted LDCs obtained notional debt forgiveness of 30 - 50 % in the subsequent Brady - bond restructuringin the subsequent Brady - bond restructurings.

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.

Without debt restructuring, Puerto Rico will be forced to default as it faces nearly $ 2.5 billion in bond payments from May through July, government officials have said.