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Headlines
Country Garden Reaches Milestone as Debt Plan Heads to Vote
Country Garden Holdings, one of the biggest casualties of China’s real estate crisis, is wrapping up its US$14.1 billion offshore debt restructuring after more than two years, with creditors likely to approve its plan in a vote…
Klöckner Pentaplast Seals Restructuring Support Agreement
Klöckner Pentaplast (kp), a German producer of rigid and flexible packaging and specialty films, has entered a Restructuring Support Agreement (RSA) with a majority of its financial shareholders to implement a broad financial…
Azul S.A. Advances in Chapter 11 Proceedings with Court Approval
Azul S.A. announced that the U.S. Bankruptcy Court for the Southern District of New York approved its disclosure statement, allowing the company to solicit votes on its chapter 11 reorganization plan, TipRanks.com reported.…
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