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Air Baltic Corp AS expects its restructuring plan to affect between 500 and 700 jobs across the carrier’s three biggest bases as the Latvian airline streamlines the business while undergoing Chapter 11 bankruptcy protection.
Pool supplier Leslie’s Inc. filed for bankruptcy on Wednesday, with a plan to cut about 90% of the debt and hand control to creditors, after encountering mounting challenges for its. industry.
Nuveen LLC was behind a flurry of trading in Brightline’s municipal debt this week, offering up its entire position in the bankrupt private railroad’s senior uninsured bonds, 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.
Getty Images Holdings Inc. is holding confidential talks with lenders about injecting new money into the cash-strapped company, potentially through a debtor-in-possession loan, according to people familiar with the situation.
Armando.info and El Faro report that TV Azteca borrowed up to US$290 million from AlterBank, a Saint Lucia lender, weeks before its bankruptcy filing. The post TV Azteca Took a US$290 Million Loan From an Offshore Bank Before Filing appeared first on The Rio Times.
TV Azteca’s bankruptcy now reaches five subsidiaries, including Ganador Azteca, the Bet365 permit holder in Mexico. What it means for users and investors. The post TV Azteca Bankruptcy Spreads to 5 Units in Mexico, Including Its Casino Arm appeared first on The Rio Times.
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.
The agency cannot estimate recovery prospects because the last consolidated accounts date from June 2025. A Rio court restored the bankruptcy in August. The post The Fitch Oi Rating Went From Restricted Default to Default, and Then Was Withdrawn appeared first on The Rio Times.
Board of trustees recommends that the main building be closed immediately due to costs, US newspaper reports.
LIV shook professional golf with flashy tournaments and big payouts, thanks to billions of dollars in backing from the Saudi sovereign wealth fund. On today’s Big Take podcast, David Gura and Golf.com senior writer Sean Zak look at why LIV Golf couldn’t make the cut — and how it changed pro golf. Listen wherever you get your podcasts. (Source: Bloomberg)
LIV Golf filed for bankruptcy protection, a dramatic fall for the Saudi-backed league that had big ambitions to challenge the supremacy of the PGA Tour. Randall Williams has more on "Bloomberg The Close." (Source: Bloomberg)
Casas Bahia filed for judicial recovery on 17 August owing R$17.3 billion. A top labor court upheld an order blocking its mass layoffs, and a tax probe names it as a beneficiary. The post Brazil’s Casas Bahia Files for Court Protection Over Its Debt appeared first on The Rio Times.