HOUSTON, March 14, 2018 (GLOBE NEWSWIRE) — EV Energy Partners, L.P. (NASDAQ:EVEP) and its subsidiaries (collectively, “EVEP” or the “Company”) today announced that the Company entered into a restructuring support agreement (“RSA”) with certain holders of approximately 70% of its 8.0% senior notes due 2019 (the “Senior Notes”) and lenders holding approximately 94%…
HOUSTON, March 14, 2018 (GLOBE NEWSWIRE) — EV Energy Partners, L.P. (NASDAQ:EVEP) and its subsidiaries (collectively, EVEP or the Company) today announced that the Company entered into a restructuring support agreement (RSA) with certain holders of approximately 70% of its 8.0% senior notes due 2019 (the Senior Notes) and lenders holding approximately 94% of the…
Image copyright Getty Images Financial shocks such as divorce and redundancy are leading people into debt crises, a charity has said. The under-25s are prone to problems caused by poor budgeting, a review by debt helpline StepChange found. But for most age groups, a lack of money resulting from an income shock – rather than…
Wed, Mar 14, 2018 – 11:52 AM UPDATED Wed, Mar 14, 2018 – 4:29 PM NOBLE Group and a group of senior creditors have signed an agreement on its proposed restructuring plan, the company said in a filing with the Singapore Exchange on Wednesday morning. The restructuring support agreement (RSA) has been signed by…
FILE PHOTO: Company logo of Noble Group at headquarters in Hong Kong Thomson Reuters By Anshuman Daga SINGAPORE (Reuters) – Commodities trader Noble Group has finalized a restructuring agreement with a group of senior creditors holding 46 percent of its debt, and is in talks with others, as it races to launch a deal crucial…
Embattled Noble Group looks like it may be finally out of the woods, after signing a restructuring deal with key creditors, essentially working out a new debt and equity swap while also providing some buffer future trade finance. Noble said in a stock market announcement that the restructuring support agreement (RSA) had been reached with…
NEW YORK (Reuters) – As the era of cheap money gradually draws to a close and rising inflation and interest rates cast a shadow over Wall Streets nine-year bull market, one corner of the financial industry is cheering. FILE PHOTO: The Federal Reserve headquarters in Washington September 16 2015. REUTERS/Kevin Lamarque/File Photo Debt restructuring experts…
SINGAPORE – Noble Group and a group of senior creditors have signed an agreement on its proposed restructuring plan, the company said in a filing with the Singapore Exchange on Wednesday morning (March 14). The restructuring support agreement (RSA) has been signed by the ad-hoc group of creditors, which represents 46 per cent of existing…
The news comes as a shock to workers, who were promised jobs would be saved. Well, it turns out that no Doughnut Time stores will remain open at all, after a deal to sell the surviving stores collapsed last week. The company went into liquidation on Friday, and that will be the end of the (briefly)…
KUALA LUMPUR: The number of Malaysians declared bankrupt due to credit card usage is still relatively low, Deputy Finance Minister Datuk Othman Aziz said. He said as of December last year, only 1,598 or 0.04 per cent users were declared bankrupt due to credit card usage. The number is still under control and many preventive…