North America

Results for North America

Cliffs Seeks Creditor Protection for Quebec Iron Ore Mine

Cliffs Natural Resources Inc. sought creditor protection in Canada for its Bloom Lake iron ore mine, potentially cutting the cost of closing it down, Bloomberg News reported. Bloom Lake General Partner Ltd. and certain affiliates started restructuring pr ...

Daily Headline - global.abi.org - 01/27/2015 - 22:04 - 0 comments

Banks Reach Settlement Over Sino-Forest Stock Sale

A group of Canadian and other investments banks agreed to pay a total of 32.5 million Canadian dollars (US$26.1 million) to settle claims related to their role as underwriters to help Sino-Forest Corp. ... group of Canadian and other investments banks agreed to pay a total of 32.5 million Canadian dollars ...

Daily Headline - global.abi.org - 01/27/2015 - 22:04 - 0 comments

Canada's Mobilicity To Bid In Upcoming Spectrum Auction

Canadian wireless startup Mobilicity said on Tuesday it will participate in an upcoming government auction of airwaves. The struggling wireless carrier, which sought creditor protection in the fall of 2013, has been trying unsuccessfully to find a buyer ...

Daily Headline - global.abi.org - 01/27/2015 - 22:11 - 0 comments

AT&T To Buy NII Holdings' Wireless Business In Mexico

struggling with $5.8 billion in debt and fierce competition in Brazil and Mexico. It is still exploring ...

Daily Headline - global.abi.org - 01/26/2015 - 22:12 - 0 comments

Southern Pacific Resource Seeks Bankruptcy Protection in Canada

make an interest payment of 5.18 million Canadian dollars ($4.2 million) to convertible unsecured ... bondholders could take action on the default to collect its debt. Overall, Southern Pacific owes $135.5 million to senior bondholders, C$260 million to junior bondholders and C$172.5 million to convertible ...

Daily Headline - global.abi.org - 01/22/2015 - 22:27 - 0 comments

Latin American Default Wave Just Getting Started: Credit Markets

Latin America is turning into the world leader in corporate-bond defaults, Bloomberg News reported. Four companies in the region have skipped dollar-denominated debt payments this month, more than any other area and almost half the total in all of 2014. ...

Daily Headline - global.abi.org - 01/22/2015 - 22:35 - 0 comments

Bank of Canada Cuts a Key Rate, Forecasting a Slowdown as Oil Prices Fall

bank reduced the overnight rate to 0.75 percent, from 1 percent. It is the first rate change since ... 1.5 percent in the first half of the year. That is down from a previous estimate of 2.5 percent for ... the International New York Times reported. The central bank reduced the overnight rate to 0 ...

Daily Headline - global.abi.org - 01/21/2015 - 22:37 - 0 comments

Jurisdiction Shifting – Creative Structuring Opportunities

As we have noted in prior M&A Updates, when dealmakers face a transaction where one or both of the parties are incorporated outside the Delaware comfort zone, they often confront unexpected structuring issues unique to entities or deals undertaken in ...

Resource Article - abi_admin - 01/21/2015 - 11:46 - 0 comments - 0 attachments

KPMG's Monthly Insurance Newsletter - December

At KPMG, we are dedicated to providing our clients with insights on today’s critical business issues. To help keep you up to date, we’re pleased to share with you recent studies, white papers, articles, and multimedia content published by KPMG. Read ...

Resource Article - abi_admin - 01/21/2015 - 11:26 - 0 comments - 0 attachments

Restructuring Global Insight: Section 363 review trumps comity | property transactions pile on the pounds | Cayman segregated portfolio companies | & more

Welcome to issue 12 of Global Insight, bringing you reports on breaking legal developments in restructuring law across borders and in jurisdictions around the world. This issue features: GUEST ARTICLE ■ Portfolio transactions – why are property ...

Resource Article - abi_admin - 01/21/2015 - 11:21 - 0 comments - 0 attachments

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