PacSun Releases Details Behind Bankruptcy & Restructuring Plan – Transworld Business

PacSun secures up to $120M financing from Golden Gate Capital and Wells Fargo; Fourth Quarter comps were slightly up while Year-End comps slumped 2.6% After rumors hit earlier this week, Pacific Sunwear officially announced it has reached a comprehensive debt-for-equity restructuring agreement with Golden Gate Capital, who has promised to deliver a minimum of $20…

Deals Help Shrink Glencore’s Mountain of Debt – Hellenic Shipping News Worldwide

Glencore Plcs $2.5 billion agriculture deal is another milestone to solvingĀ Chief Executive Officer Ivan Glasenbergs biggest problem last year reducing a mountain of debt. Canadas biggest pension fund will buy a 40 percent stake in the agriculture business and Glencore said it may sell an additional 20 percent, which could be worth $1.25 billion based…

Abakus Solar of Germany enters prelim insolvency – SeeNews Renewables

Solar system. Author: Oregon Department of Transportation. License: Creative Commons, Attribution 2.0 Generic. April 8 (SeeNews) – Christoph Niering has been appointed as preliminary insolvency administrator for German company Abakus Solar AG and its operation and maintenance (O&M) unit Abakus Solar Service GmbH. The company applied in the court of Essen for the start of…