To compound this problem, mall owners are now starting to mail in the keys to financially troubled malls: More mall landlords are choosing to walk away from struggling properties, leaving creditors in the lurch and posing a threat to the values of nearby real estate... [as] some of the largest U.S. landlords are calculating it is more advantageous to hand over ownership to lenders than to attempt to
restructure debts on properties with darkening outlooks (LINK).
CIM Group has done business with the Trump and Kushner families since at least 2011, when
it restructured the debt on a struggling Manhattan hotel condominium known as Trump SoHo.
OMAHA, NEB. — Breakwater Equity Partners has
restructured the debt on Embassy Plaza, a three - story, multi-tenant office building located in Omaha, Neb..
Not exact matches
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.
Valeant is currently attempting a massive
restructure and
debt payoff, including by focusing
on key portfolios like its gut, skin, and eye drug franchises.
This type of
debt restructuring can be considered a «distressed exchange» of
debt, and thus a default
on the terms of the original
debt.
Greece and its creditors are expected to discuss proposals to
restructure the country's
debt before May 22, a European official told CNBC
on Tuesday.
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.
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.
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 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 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.
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.
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 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.
Last month, Kevyn Orr, a bankruptcy lawyer named to
restructure Detroit's
debts, declared a «moratorium»
on some interest payments.
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.
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.
However, Garcia Padilla declined to exercise his authority to declare a moratorium
on GDB's own $ 422 million May 1
debt payment, citing continuing
restructuring talks between GDB and its creditors.
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.
«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.
Our ability to
restructure or refinance our
debt will depend
on the condition of the capital markets and our financial condition at such time.
It is seeking to agree
on a
debt restructuring plan with creditors, and is asking them to refrain from initiating bankruptcy proceedings.
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.
But the warning by the governor about a broad
restructuring raised new questions about the government's willingness to pay the
debt owed by Prepa and other government enterprises
on the island.
(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.
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.
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.
That
debt is coming due in early 2018, but Birchbox has multiple offers
on the table to
restructure it, sources say, which is expected to alleviate any pressure to sell that may have been related to the
debt.
Alantra is a global investment banking and asset management firm focusing
on the mid-market with offices across Europe, the US, Asia and Latin America Its Investment Banking division employs over 260 professionals, providing independent advice
on M&A,
debt advisory, financial restructuring, credit portfolio and capital markets transactions The Asset Management division comprises a team of 78 professionals with $ 3.7 bn in Private Equity, Active Funds, Debt and Real Es
debt advisory, financial
restructuring, credit portfolio and capital markets transactions The Asset Management division comprises a team of 78 professionals with $ 3.7 bn in Private Equity, Active Funds,
Debt and Real Es
Debt and Real Estate
I trust and hope that our government will insist
on debt restructuring, but I can't see how the German finance minister is ever going to sign up to this in the forthcoming Eurogroup meeting.
On Monday, Varoufakis formally launched the European Realist Disobedience Front, or MeRA25, which he said would press for
restructuring Greece's bailout
debt.
A second
debt restructuring was almost necessary in order to bring Greece back
on a sustainable
debt path.
Elections
on Jan. 25 could bring to power a party that wants to
restructure the nation's
debt.
«The USA has a
debt and deficit profile which is unsustainable; the Euro Zone has to decide whether it can forge a fully fiscal union or whether the costs are too great, in which event membership will be
restructured; and China is trying to put its economy
on a more sustainable growth path at a time of leadership change.
Yet
on the question of
restructuring the country's
debt or canceling it altogether, the summit agreement is somewhat (and potentially purposefully) vague.
Restructured debt backed by Treasuries and issued by emerging market countries after defaulting
on original loans.
Chris is a Managing Director, bringing experience in sell - side,
debt restructuring, and capital raise transactions
on closely held family businesses to Oberon.
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 measure, which halts litigation against the issuers of Puerto Rico's government and quasi-government
debt to allow an orderly
restructuring process, passed the Senate
on a vote of 68 - 30.
A crucial vote looms
on Friday in the long - running saga of Detroit's bankruptcy, as a clutch of creditors decide whether to approve a
restructuring plan that would cut the cash - strapped city's $ 18 billion of
debt.
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.
The U.S. Senate late
on Wednesday passed a framework for the territory to
restructure some $ 70 bln of
debt.
A report
on Puerto Rico's financial problems by former International Monetary Fund economists, published by the territory's Government Development Bank
on June 29, suggested the U.S. territory reform its labor markets and other areas to improve competitiveness and potentially
restructure its
debts.
Here's a letter to the board of Biglari Holdings re: executive compensation [Noise Free Investing] & then more thoughts
on Biglari's compensation agreement [My Investing Notebook] Where things stand in the market [Bespoke Investment Group] A list of stocks Nasdaq is canceling trades in from yesterday's madness [Business Insider] The best interest rate chart in the world [Trader's Narrative] A great macro overview from Barry Ritholtz [The Big Picture] A look at John Paulson's possible ownership of Bear Stearns CDOs [Zero Hedge] John Mauldin
on the future of public
debt [Advisor Perspectives] Top buys & sells from Morningstar's ultimate stock pickers [Morningstar] The truth about «Sell in May & Go Away» [WSJ] An interview with hedge fund manager Hugh Hendry [Investment Week] Bill Ackman: Let's have a public registry for stock opinion [Barron's] Hedge fund Harbinger hires ex-Orange chief for wireless plan [Dealbook] & Deutsche Telekom has been in talks with Harbinger [FT] Hedge funds begin to
restructure fee system [FT]