A group of five banks led by Royal Bank of Canada is stuck holding $1.7 billion of loans for software company SS&C Technologies Holdings Inc. after falling debt prices forced the postponement of the offering to investors on Wednesday, Bloomberg reported. The deal was pulled because of market conditions, according to a person with knowledge of the matter. The banks canceled a planned call with lenders — the official start of the marketing process — prior to its scheduled 10 a.m. start in New York.

An Alberta, Canada, trucking company specializing in fluid transportation for the oil sector is seeking credit protection as it faces over CA$3 million ($2.3 million) in debt to dozens of companies and the country’s tax authority, FreightWaves reported. Prairie Tech Oilfield Service, based in Elk Point, filed a notice in the Court of Queens Bench of Alberta on Feb. 22 that the company is insolvent and intends to make a proposal to its creditors under Canada’s Bankruptcy and Insolvency Act.

Mexico's Grupo Aeromexico shares plunged for a fourth day in a row on Tuesday after nearly a fifth of the company's capital was sold at 1 cent a share through a public offering as part of its restructuring plan to exit bankruptcy, Reuters reported. Shares in Grupo Aeromexico, which operates the country's main airline and filed for bankruptcy in 2020, fell 27% to 59 cents and have lost about half their value in the past four days. Analysts have said trading in the shares has not reflected a creditor deal that was approved in January. Through the tender offer, which took place between Feb.

Delta Air Lines Inc. said it’s working with Air France-KLM as the Paris-based airline considers joining in the bidding for a stake in Italy’s state-owned carrier, Bloomberg reported. Italia Tranporto Aereo would be a welcome recruit to the North Atlantic alliance led by Delta, according to Ed Bastian, the U.S. carrier’s chief executive officer. “Air France-KLM is in the lead in terms of actually making a potential investment,” Bastian said in a briefing in London on Tuesday.

The American Bankruptcy Institute (ABI) and professionals from law firm Squire Patton Boggs and the Arab Gulf States Institute will be presenting a webinar on Tuesday, March 22, 2022, at 12:00 noon EDT (6:00 p.m. UTC, 7:00 p.m. CET) to discuss the financial repercussions of Europe’s largest military conflict since World War II. The conflict in Europe has generated a maze of rapid legal, political and economic responses from authorities around the globe. Those actions are rippling through capitals, markets and boardrooms as businesses grapple with how to respond.