Sentences with phrase «restructuring its debts with»

A Company Voluntary Agreement (CVA) provides a company (Debtor) experiencing financial difficulties with a quick and flexible way of essentially restructuring its debts with unsecured creditors with a view to continuing its business.
Advantage of 401k loan is it does not hit your debt to income ratios while restructuring your debt with out 401k loans does «hit,» your ratios.

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.
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.
The company has struggled to find a buyer or reach a debt - restructuring deal with lenders, leaving it with few options.
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.
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.
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:
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.
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.
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.
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.
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.
«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.»
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.
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.
«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.
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.
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.
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.
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.
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.
Since then, a deal has been struck with creditors to restructure much of the Puerto Rico Electric Power Authority's nearly $ 9 billion debt.
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).
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 Esdebt 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 EsDebt and Real Estate
We recognized a $ 150.5 million restructuring gain as a capital contribution with a direct increase in additional paid - in - capital due to the debt being issued to related parties.
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.
It had been discussing with its creditors a restructuring of its debts, but that had turned out to be fruitless.
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.
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.
With nearly 25 years in investment banking, Adam has successfully led the execution of middle - market M&A, restructuring, and debt and equity financing transactions across a myriad of industry sectors including business services, consumer products, retail, general industrials, telecommunications, and technology.
The firm also avoids subordinated - debt tranches, which are often wiped out in restructurings and pools with lots of smaller mortgages, because the high fixed closing costs often deter refinancing of such debt.
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 utility company ended up making a deal with its creditors to restructure $ 5.7 billion of its total $ 9 billion debt.
In 2016, Congress voted to establish a so - called «oversight board,» with the aim of restructuring the island's debt.
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For Debt Exchange Offers, Morrow Sodali has the experience and specialized resources to assist corporations, municipalities and investment bankers with all aspects of the debt restructuring procDebt Exchange Offers, Morrow Sodali has the experience and specialized resources to assist corporations, municipalities and investment bankers with all aspects of the debt restructuring procdebt restructuring process.
Dubai moved a step closer to resolving its debt problems with the announcement of a plan to invest $ 9.5 billion to restructure its flagship conglomerate, Dubai World, and its property developer, Nakheel.
Kidder Williams» David Williams — who has advised on co-operative restructures including Incitec Pivot, SPC Ardmona and Bega — also warned investors and journalists last year that structural problems with the notes might ultimately drive Murray Goulburn to unsustainable levels of debt and warehouses full of unsold stock.
None of the securities issued in connection with this offering and debt restructuring contain price - based anti-dilution provisions.
«Arguably, the level of debt associated with this case will mean that it is unlikely that a suitable or willing benefactor will be found,» said Wilson, a partner with restructuring experts Zolfo Cooper.
This was restructured by the «Paris Club», and left Russia with a debt of about $ 60 billion.
But in October, the De Blasio administration announced that they'd help staunch that loss by committing $ 250 million to preserve 15,000 units by working with owners to implement repairs and restructure debts.
The governor was joined in Puerto Rico by more than a dozen New York lawmakers and public health leaders who offered advice on how to restructure an economy burdened with $ 72 billion of debt that Puerto Rican leaders do not believe they will be able to repay.
On Sunday, Espaillat called for the federal government to allow Puerto Rico to restructure its debt, provide it with more funding and restore cuts to its healthcare programs.
He urged his colleagues in Congress to pass the Puerto Rico Chapter 9 Uniformity Act (H.R. 870) which will provide the island's government with the tools needed to restructure parts of its debt under federal bankruptcy law.
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