Proserv Looks to Future as Company Completes Financial Restructuring – Oil & Gas Technology

Through a debt-for-equity exchange and injection of a $50 million investment, the companys two largest lenders – KKR and funds managed by Oaktree Capital Management, L.P. – will become owners of the company.  Proserv emerges substantially debt-free and with a well-capitalised balance sheet, enabling it to provide strong, life-of-field support to its global customers. In…

Proserv Completes Financial Restructuring, CEO Steps Down – Rigzone

by  Rigzone Staff | Monday, May 14, 2018 Proserv completes a financial restructuring, which it says has strengthened its long-term plans. Proserv, a technology-driven energy services company, announced Monday the completion of a financial restructuring, which it said has strengthened its long-term plans. Through a debt-for-equity exchange and injection of a $50 million investment, the…

Mothercare will tap shareholders for cash as part of rescue plan – The Guardian

Mothercare is close to agreeing a rescue plan that includes raising fresh funds from investors and revamping its store portfolio. The company said it was finalising a comprehensive restructuring and refinancing package to put the business on a stable and sustainable financial footing. We are in the final stages of detailing these restructuring plans alongside…

aTyr Pharma Announces First Quarter 2018 Operating Results, Program Prioritization and Corporate Restructuring – GlobeNewswire (press release)

SAN DIEGO, May 14, 2018 (GLOBE NEWSWIRE) — aTyr Pharma, Inc. (Nasdaq:LIFE), a biotherapeutics company engaged in the discovery and development of innovative medicines based on novel immunological pathways, today announced operating results for the first quarter ended March 31, 2018. The Company also announced a corporate restructuring plan to streamline its operations as it…