Sentences with phrase «for debt restructuring»

On the other end of a company's life cycle, the Insolvency and Bankruptcy Code, 2016, has been recently enacted to provide a streamlined mechanism for debt restructuring and address systemic challenges such as the multiplicity of bankruptcy regulations and the long - drawn nature of winding — up proceedings.

His calls for debt restructuring, better oversight, tax and healthcare tweaks make sense, but risk falling prey to candidate posturing.

«Under current federal law this is not permitted,» said David Tawil, co-founder and President Maglan Capital, who believes that if Congress were to pass this type of framework for debt restructuring, holders of Puerto Rico's paper who are forced to take haircuts «will have quite a strong legal argument».

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.

Not exact matches

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.

• Southeastern Grocers LLC, the Florida - based operator of supermarket chains Winn - Dixie and Bi-Lo, filed for Chapter 11 bankruptcy protection to restructure debt, according to Reuters.

These developments, along with the fact that the IMF has reiterated that Greece won't be able to make good on its debts without restructuring, shouldn't give anyone confidence that Greece is long for the Euro.

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.

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.

SINGAPORE, March 23 - Noble Group Ltd said this week's resignation of its founder Richard Elman was due to «amicable differences» with the board and a group of senior creditors who are negotiating a debt restructuring that is crucial for its survival.

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.

March 27 - Southeastern Grocers LLC, the Florida - based operator of supermarket chains Winn - Dixie and Bi-Lo, said on Tuesday it filed for Chapter 11 bankruptcy protection to restructure 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.

Singapore - listed commodities trader Noble Group (nobgy) agreed to sell its North American energy distribution unit to U.S. firm Calpine (cpn) for $ 1.05 billion, moving a step closer to completing a restructuring to raise $ 2 billion to help cut debt.

SINGAPORE, April 29 - Noble Group will set a date for a special meeting to seek shareholder approval for a $ 3.4 billion debt restructuring after a Singapore court blocked its scheduled annual meeting following legal action by a dissident shareholder.

«I believe the table is being set to isolate the various types of indebtedness and set the stage for restructuring of those various debts within the constructs of those debt documents.

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.

«Absent enactment of a workable framework for restructuring Puerto Rico's debts, bondholders will experience a lengthy, disorderly, and chaotic unwinding, with non-payment for many a real possibility.»

Toys «R» Us Inc. is making preparations for a liquidation of its bankrupt U.S. operations after so far failing to find a buyer or reach a debt restructuring deal with lenders, according to people familiar with the matter.

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).

France's Christian Noyer joined the ECB chorus, stating that a restructuring of Greece's debt would be «a horror story» that would leave the country out of financing for years.

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.

Drawing from our knowledge of debt restructuring, bankruptcy, public finance, municipal law and governance, labor law, employee benefits, tax, litigation, government contracts and more, our attorneys are adept at positioning municipalities for long - term success.

As more local governments find themselves unable to meet the increasing costs, particularly related to pensions and retiree health benefits, municipalities have begun to more seriously consider debt restructuring under the bankruptcy code as an option for right - sizing their budgets.

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.

Once the sordid operation was complete, Europe had automatically acquired another reason for refusing to discuss debt restructuring: it would now hit the pockets of European citizens!

The deal marks a major milestone for Argentina and its new president, Mauricio Macri, restructuring the lion's share of the debt remaining from the default and freeing up the nation to tap international markets for much - needed financing as its commodities - rich economy falters.

According to a bio on Greylock's website, Humes started the firm in 1995 after working as a banker and trader for Lehman Brothers and Manufacturers Hanover, including stints swapping debt for equity in Latin America and restructuring government debt for the Philippines and Yugoslavia.

On Thursday, the utility filed a petition before the island's energy regulator for a new securitization charge, which would pay for the restructured debt following a planned bond exchange.

Unfortunately, Mr. Krugman's failure to see today's economic problem as one of debt deflation reflects his failure (suffered by most economists, to be sure) to recognize the need for debt writedowns, for restructuring the banking and financial system, and for shifting taxes off labor back onto property, economic rent and asset - price («capital») gains.

For a third example, not everyone in the early 1960s believed that the USSR would inevitably overtake the US economically before the end of the century, but excluding fierce anti-Communists predicting fire and brimstone, I don't know anyone who expected that by the 1980s the USSR would essentially be insolvent (technically it wasn't, but LDC debt traders nonetheless included the country in their universe of defaulted or restructuring sovereign borrowers).

The chain, which filed for bankruptcy protection, has been unable to find a buyer or restructure its debt, but is still a major retailer of toys.

Legg Mason plans to close a deal this month to restructure $ 650 million in debt, a move designed to lock in favorable interest rates for the long term while taking advantage of the market's sustained appetite for corporate bonds.

Its creditors have agreed to restructure some of this debt in return for equity, which will reduce the debt by $ 500 million.

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.

On Monday, Varoufakis formally launched the European Realist Disobedience Front, or MeRA25, which he said would press for restructuring Greece's bailout debt.

The risk is that the threat of private - sector debt restructurings will lead to contagion in the form of bank runs and the loss of market access for weak sovereigns and banks.

In particular, the New York - based bank is known for its expertise in the issuance of catastrophe bonds, Qualified School Construction Bonds in the US, and bonds issued to finance debt restructuring around the world.

European banks have been preoccupied with shrinking their balance sheets and restructuring debt in preparation for a new round of stress tests at the hands of their newly empowered schoolmaster, the European Central Bank.

He has completed more than 100 transactions for clients during his career in M&A, debt and equity financings, and financial restructurings.

Complicating the commonwealth's road to recovery is the fact that U.S. territories have no mechanism for restructuring debt.

Briefly, PROMESA establishes an independent oversight board, provides for a bankruptcy - like debt restructuring process, and requires submission of a Fiscal Plan by Puerto Rico.

Absent growth, the only other option for restoring some measure of financial integrity and standard of living for its citizens is to enact fiscal and structural reforms and restructure the existing burdensome debt, with the long - term goal of putting the island on a sustainable growth trajectory.

The U.S. Senate on June 29 approved a bill that will allow Puerto Rico to restructure roughly $ 70 billion of debt in return for accepting involvement by a federal oversight board.

Puerto Rico's total public sector debt adds up to 104 percent of GDP and it's multiples of the roughly $ 20 billion involved in Detroit's restructuring, for example.

The U.S. Senate late on Wednesday passed a framework for the territory to restructure some $ 70 bln of debt.

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.

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There are a lot of different kinds of bankruptcy, and they all lay out one way or another for a person or organization that can not pay back its debts to restructure its payments and move forward.