Bankruptcy & Restructuring >>>

    Rotech Healthcare Files Chapter 11 in Delaware

    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 [...]

    Soros Fund to Buy Conexant in Prepackaged Bankruptcy

    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

    KKR May Extend Energy Future’s Agony for Edge

      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

    Municipal Debt Default Risk at 18-Month Low

    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.

    Apparel Retailer Recoveries Range From Zero to 100 Percent

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    Outlook For 2013 Restructurings, Review of 2012 Bankruptcies.

    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 Exits Chapter 11 After Four Years

    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.

    Edison Mission Seeks Immediate Approval of Bonuses

    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 Has Interim Approval for Fortress Financing

    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 [...]

    Patriot Shows Futility of Moving Cases from NY

    By Bill Rochelle Bankruptcy Judge Shelley Chapman in New York transferred venue of the Patriot Coal Corp. reorganization to St. Louis this week. Saying she had “considerable regret” about the move, Chapman really had no choice. Patriot incorporated two subsidiaries in New York on the eve of bankruptcy. Otherwise, there were no venue “hooks” in New York. [...]

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