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Braskem’s creditors shunned another restructuring proposal made by the company and its shareholders ahead of a key Oct. 9 deadline for a deal to rework some $11 billion of debt, people familiar with the matter said.
Creditors to Hertz Global Holdings Inc. are organizing across at least two groups, bracing for potential negotiations with the car rental company over its billions of dollars of debt that comes due over the next few years, according to people familiar with the matter.
Creditors owed about $1 billion by bankrupt railroad operator Brightline have agreed to join a deal to restructure the company’s balance sheet, a lawyer for the company said in a court hearing Tuesday.
A Petrobras SA executive who sits on Braskem SA’s board says he expects the Brazilian petrochemicals producer will be able to reach a deal with creditors to restructure some $11 billion of debt and avoid a bankruptcy filing.
Thames Water’s senior creditors are preparing to write off more debt and put more money into the utility in a renewed effort to avoid the UK government taking temporary control.
As creditors, counterparties and lawyers pore over the business of embattled commodity trader Radiant World, a low-rise office building in the emirate of Ajman, just north of Dubai, may contain one key piece of the puzzle.
Radiant World has disclosed $870 million outstanding to six creditors who financed its receivables, according to a spreadsheet included in a legal filing by the embattled commodity trader.
Thames Water’s senior creditors should be blocked from taking full control over the utility, a group of British lawmakers said Friday.