Spain

Spanish media conglomerate Vertice 360 has declared insolvency and filed for a suspension of payments, which paves the way for a court-appointed administrator to prioritize debt and mediate payments with creditors, The Hollywood Reporter reported. Th ...

Daily Headline - global.abi.org - 04/16/2014 - 23:05 - 0 comments

Insolvent Spanish fishing company Pescanova, which is racing to avoid liquidation, said on Monday it had been granted an extra two weeks by a court to win the support of creditors for its debt restructuring plan, Reuters reported. Lenders have balked at ...

Daily Headline - global.abi.org - 04/14/2014 - 21:19 - 0 comments

Codere SA’s bid to restructure 1.1 billion euros ($1.5 billion) of debt has stalled one month before the Spanish gaming company must reach an accord with creditors or seek full creditor protection, Bloomberg News reported. Codere’s bondholders rejected t ...

Daily Headline - global.abi.org - 03/31/2014 - 21:25 - 0 comments

Lenders to Pescanova SA, the Spanish fishing company trying to avoid liquidation, won’t back a shareholder restructuring plan and will seek to take control of the company, according to two people familiar with the matter, Bloomberg News reported. The ban ...

Daily Headline - global.abi.org - 03/26/2014 - 20:51 - 0 comments

Lenders to Pescanova SA (PVA), the Spanish fishing company trying to avoid liquidation, won’t back a restructuring plan proposed by shareholders, Bloomberg News reported. Creditors will seek to seize control of Pescanova after an April 15 deadline set by ...

Daily Headline - global.abi.org - 03/25/2014 - 20:29 - 0 comments

Spain has proposed a 2.3-billion-euro ($3.2 billion) rescue of nine failed motorways, two sources with knowledge of the matter said on Tuesday, in the latest state bail-out linked to the excesses of the country's property and construction boom, Reut ...

Daily Headline - global.abi.org - 03/25/2014 - 20:32 - 0 comments

Codere SA creditors said changes to Spain’s insolvency laws support its offer to restructure 1.1 billion euros ($1.5 billion) of debt that was rejected by the Spanish gaming company, Bloomberg News reported. New bankruptcy rules came into effect on March ...

Daily Headline - global.abi.org - 03/12/2014 - 21:42 - 0 comments

The Spanish government is working against the clock to reach a deal with builders over a multibillion euro bail-out for nine bankrupt motorways which could directly hit the country's deficit, Reuters reported. Talks that have dragged on for months w ...

Daily Headline - global.abi.org - 03/09/2014 - 21:51 - 0 comments

Spain's government on Friday approved new rules to help struggling companies cut debt and avoid bankruptcy as the country heads into economic recovery with weak job growth, Reuters reported. The overhaul is designed to ease loan refinancings by maki ...

Daily Headline - global.abi.org - 03/09/2014 - 21:53 - 0 comments

Pescanova SA, the Spanish fishing company whose former board hid more than 2 billion euros ($2.7 billion) of debt, is asking lenders to take nominal losses of as much as 97.5 percent as part of restructuring proposals, Bloomberg News reported. Shareholde ...

Daily Headline - global.abi.org - 03/04/2014 - 23:04 - 0 comments