Archive | Bankruptcy RSS feed for this section

Detroit water/sewer ratings raised ahead of bond sale

Tue Aug 26, 2014 10:40am EDT

Aug 26 (Reuters) – Detroit’s water and sewer revenue bond
credit ratings were raised ahead of a $1.8 billion sale that is
expected to hit the municipal market on Tuesday, but most of the
debt remained in the junk category.
Moody’s Investors Service

Read More 0 Comments

UPDATE 2-Miner Mercator files for creditor protection in U.S., Canada

Tue Aug 26, 2014 11:44am EDT

(Adds delisting review, detail on company’s results.)
TORONTO Aug 26 (Reuters) – Small base metals miner Mercator
Minerals Ltd said on Tuesday it had filed for protection
from its creditors in Canada and the United States, and the
Toronto Stock Exchange suspended trading

Read More 0 Comments

UPDATE 1-Detroit water, sewer ratings upgraded ahead of bond sale

Tue Aug 26, 2014 11:48am EDT

(Adds S&P ratings, deals’ insurance, structure, spot
premarketing yields)
Aug 26 (Reuters) – Detroit’s water and sewer revenue bond
credit ratings were raised ahead of a $1.8 billion debt sale
that is expected to hit the municipal market on Tuesday, but
Moody’s Investors

Read More 0 Comments

Detroit, hold-out creditors must go to bankruptcy mediation -judge

Tue Aug 26, 2014 1:19pm EDT

Aug 26 (Reuters) – Detroit and its major hold-out creditors
were ordered on Tuesday into mediation, just a week before a key
federal court hearing is to start in the city’s historic
bankruptcy case.
The move followed a Monday hearing before U.S. Bankruptcy

Read More 0 Comments

With Lady Luck no longer at its side, Revel casino details closure plan

By Tom Hals

Tue Aug 26, 2014 6:19pm EDT

Aug 26 (Reuters) – As hopes for a last-minute buyer dim,
Atlantic City’s Revel casino has laid out its closure plans,
from disposing of opened bottles of alcohol to cashing
unredeemed poker chips.
The plans detailed in court documents mark

Read More 0 Comments

U.S. bankruptcy judge sides with Momentive, rejects creditor objections

By Nick Brown

Tue Aug 26, 2014 6:38pm EDT

Aug 26 (Reuters) – A judge on Tuesday approved the bulk of
Momentive Performance Materials’ bankruptcy exit plan, rejecting
creditor objections and pushing the quartz and silicone maker a
step closer to cutting its debt by $3 billion.
In a

Read More 0 Comments

Detroit’s $1.8 bln refunding bonds priced in muni market

Tue Aug 26, 2014 7:34pm EDT

Aug 26 (Reuters) – Detroit completed the pricing on Tuesday
of $1.8 billion of water and sewer refinancing bonds related to
a tender offer aimed at dealing with a big chunk of the bankrupt
city’s debt.
A day after receiving approval from a

Read More 0 Comments

PRESS DIGEST- New York Times business news – Aug 27

Wed Aug 27, 2014 12:55am EDT

Aug 27 (Reuters) – The following are the top stories on the
New York Times business pages. Reuters has not verified these
stories and does not vouch for their accuracy.
* As Detroit prepares to defend its plan next week to exit
bankruptcy,

Read More 0 Comments

US bankruptcy judge approves Detroit water/sewer bond plan

DETROIT
Mon Aug 25, 2014 11:51am EDT

DETROIT Aug 25 (Reuters) – A U.S. bankruptcy court judge on
Monday approved Detroit’s proposal to repurchase nearly $1.5
billion of existing water and sewer revenue bonds tendered by
investors and to refinance the debt to save money.
The ruling by Judge

Read More 0 Comments

Judge delays ruling on Momentive bankruptcy exit plan

By Nick Brown

Mon Aug 25, 2014 3:30pm EDT

Aug 25 (Reuters) – A judge on Monday delayed a ruling on
whether to confirm a plan by Momentive Performance Materials, a
quartz and silicone maker owned by Apollo Global Management, to
cut $3 billion in debt and exit bankruptcy.

Read More 0 Comments

Detroit water/sewer ratings raised ahead of bond sale

Tue Aug 26, 2014 10:40am EDT

Aug 26 (Reuters) – Detroit’s water and sewer revenue bond
credit ratings were raised ahead of a $1.8 billion sale that is
expected to hit the municipal market on Tuesday, but most of the
debt remained in the junk category.
Moody’s Investors Service

UPDATE 2-Miner Mercator files for creditor protection in U.S., Canada

Tue Aug 26, 2014 11:44am EDT

(Adds delisting review, detail on company’s results.)
TORONTO Aug 26 (Reuters) – Small base metals miner Mercator
Minerals Ltd said on Tuesday it had filed for protection
from its creditors in Canada and the United States, and the
Toronto Stock Exchange suspended trading

Real Estate Roundup: Big Firms Move to Smaller Spaces

Law firms are trading down in square footage per attorney when they take out new leases, and increasingly are looking for flexible, more economical spaces in line with the corporate clients they serve, commercial real estate experts say.

]]]]]]]]]]>]]]]]]]]>]]]]]]>]]]]>]]>

Already Registered? Sign In now
5 free articles* every 30

UPDATE 1-Detroit water, sewer ratings upgraded ahead of bond sale

Tue Aug 26, 2014 11:48am EDT

(Adds S&P ratings, deals’ insurance, structure, spot
premarketing yields)
Aug 26 (Reuters) – Detroit’s water and sewer revenue bond
credit ratings were raised ahead of a $1.8 billion debt sale
that is expected to hit the municipal market on Tuesday, but
Moody’s Investors

Two Am Law Firms Advise on Oak Hill’s $1.43 Billion Deal

Gibson Dunn and Paul Weiss provided legal counsel on private equity firm Oak Hill Capital Partners’ acquisition of container maker Berlin Packaging LLC from Bahrain-based investment firm Investcorp Bank BSC.

]]]]]]]]]]>]]]]]]]]>]]]]]]>]]]]>]]>

Already Registered? Sign In now
5 free articles* every 30 days, from other ALM publications
Exclusive discounts on