Sentences with phrase «of restructuring its debt»

«Remington has reassured our office that the Chapter 11 filing is solely for the purpose of restructuring debt to equity,» she said in a statement Monday.

It is advisable that you contact your lenders and ask for possibilities of restructuring your debts.

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.

Greece and its creditors appear to be one step closer to reaching a final agreement on the restructuring of the country's huge debt pile, according to Eurogroup President Mario Centeno.

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.»

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.

• 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.

This type of debt restructuring can be considered a «distressed exchange» of debt, and thus a default on the terms of the original debt.

Toys «R» Us was optimistic at the start of its bankruptcy proceedings that it would only close a limited number of locations, but is now reportedly planning a liquidation of its U.S. operations after failing to find a buyer or reach a debt restructuring deal with lenders.

Greece might not get the complete picture of how its debt is going to be restructured before June, the head of the euro zone's finance ministers said Friday.

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.

Italy is now running a primary budget surplus with a stock of debt that, according to Ugo Panizza of the Graduate Institute of International and Development Studies, could easily be restructured:

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.

Holders of Venezuelan bonds are meeting with each other and considering forming committees, advisers and fund managers told Reuters, as questions mount about the feasibility of President Nicolas Maduro's proposal to restructure $ 60 billion of debt.

Noble is pushing to halve its debt and hand over 70 percent of the restructured business to creditors.

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.

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.

April 12 - Commodity trader Noble Group Ltd said on Thursday that more than 75 percent of creditors holding the majority of its senior debt have accepted its $ 3.4 billion restructuring plan.

SINGAPORE, April 16 - Singapore - listed Noble Group announced on Monday a «simplified structure» to its controversial $ 3.4 billion debt restructuring deal and said this had won the support of its founder and biggest shareholder, Richard Elman.

Padilla is also pursuing a wide - reaching restructuring of the island's overall $ 72 billion 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.

Under the agreement TORM will defer a substantial portion of its bank debt and also avail new liquidity and savings from its restructured time charter book.

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.

«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.

«These steps include organizational restructuring, cost reduction, debt repayment and the divestiture of certain non-core assets.»

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.

The move, which has precipitated a massive restructuring of the city's debt, has angered unions and bondholders alike.

Lew also warned that, absent federal debt restructuring legislation, «Puerto Rico will face a series of cascading defaults.»

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.

«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.»

Hopes are fading that a buyer will emerge to keep some of the business operating, or that lenders will agree on terms of a debt restructuring, the people said.

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.

lawsuit against the government of Argentina over how that country handled restructuring of its debt.

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.

If policy paralysis does prevent this, or if some form of debt restructuring is agreed, we share the ECB's fears about the effects on markets.

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.

If we do not generate sufficient cash flow from operations to satisfy the debt service obligations, we may have to undertake alternative financing plans, such as refinancing or restructuring our indebtedness, selling of assets, reducing or delaying capital investments or seeking to raise additional capital.

«I think the I.M.F. raising the debt sustainability issue as clearly as they did, the United States making clear that sustainability had to be dealt with, was a helpful contribution to the conversation, because without dealing with some form of debt restructuring, this problem will just come right back,» a senior United States Treasury official said on Thursday, as Treasury Secretary Jack Lew traveled through Europe.

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.

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.

Our ability to restructure or refinance our debt will depend on the condition of the capital markets and our financial condition at such time.

Gov. Alejandro García Padilla is seeking a vast restructuring of the island's $ 72 billion debt after concluding that the island can not afford to pay all of it.

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.

(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.

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.