Bankruptcy & Restructuring >>>
The introduction of new FDIC regulations has slowed the tightening of spreads on Triple A rated tranches of U.S. CLOs backed by widely syndicated loans. Once investors digest the changes and recent supply is absorbed, the market may tighten to its lowest since 2008. CLICK HERE FOR MORE
Rotech Healthcare Inc., a provider of home respiratory products, filed for bankruptcy saying its plan to cut debt by about half and reorganize is supported by a majority of its noteholders. Click here to continue reading. _____________________________________________________________ Bloomberg Brief Bankruptcy & Restructuring To take a risk free 30 day trial click here. Ready to subscribe? Save 35% today off [...]
Conexant Systems Inc was acquired in April 2011 by Golden Gate Capital for $282. million for $282.2 million and will be sold to an affiliate of Soros Fund Management in exchange for debt under a prepackaged Chapter 11 reorganization begun early Thursday morning in Delaware. Click here to continue reading
The deteriorating finances of the largest leveraged buyout in history is exposing the increasingly diverging interests of its private-equity owners led by KKR & C0. and TPG Capital and the secured lenders who helped finance the $48 billion deal in 2007. Click here to continue reading
Investor confidence in U.S. municipal debt is the highest since 2011, signaling more gains with local governments showing the fewest defaults since at least 2009 while revenue recovers to prerecession levels. Click here to continue reading.
Click here to continue reading.
To view in full screen select “View Fullscreen” option on lower right. We hope you enjoy this sample from Bloomberg’s market leading Bankruptcy & Restructuring newsletter. To take a trial or to request a free download of this special issue please contact us at +1 212 617 0544 or click here.
Tribune Co., owner of the Chicago Tribune, Los Angeles Times and six other daily papers, emerged from bankruptcy, four years after a doomed leveraged buyout by billionaire Sam Zell led to Chapter 11 proceedings. Click here to continue reading.
Independent power producer Edison Mission Energy filed for Chapter 11 reorganization early yesterday in Chicago and immediately filed papers to approve bonus programs for the three top executives and hundreds of other workers. Click here to continue reading.
Arcapita Bank BSC, a Bahrainian investment bank reorganizing in New York, received interim approval from the bankruptcy court on Dec. 7 to borrow $25 million from a $150 million loan provided by Fortress Credit Corp. There will be a final hearing on Dec. 18 for approval of the remainder of the loan. The loan will comply with Islamic [...]