Mallinckrodt plc Enters into Restructuring Support Agreement with Key Stakeholders on the Terms of a Prepackaged Financial Restructuring Plan – Yahoo Finance

Restructuring

Agreement Supported by a Substantial Majority of Each of its First and Second Lien Debtholders and Opioid Trust Financial Restructuring Plan to Significantly Reduce Debt, Increase Free Cash Flow Generation, Extend Maturity Runway and Better Position Company for Long-Term Success  Intends to Initiate Voluntary Prepackaged Chapter 11 Proceedings to Implement Plan Continuing to Deliver High-Quality Therapies…

Mallinckrodt plc Enters into Restructuring Support Agreement with … – PR Newswire

Restructuring

Agreement Supported by a Substantial Majority of Each of its First and Second Lien Debtholders and Opioid Trust Financial Restructuring Plan to Significantly Reduce Debt, Increase Free Cash Flow Generation, Extend Maturity Runway and Better Position Company for Long-Term Success  Intends to Initiate Voluntary Prepackaged Chapter 11 Proceedings to Implement Plan Continuing to Deliver High-Quality Therapies…

Builder Harmac Homes enters voluntary administration – 7NEWS

Restructuring

Victorian new home builder Harmac Group entered voluntary administration on Tuesday, a development which will pause construction projects across the state for weeks. But as the company makes the difficult decision to restructure, it said its intention remains that current builds will still be completed. Harmac Homes, Harmac Constructions, Harmac Urban Living and Ridge Homes…

Akin Shortlisted for 'Restructuring Team of the Year' at 2023 Legal … – Akin Gump Strauss Hauer & Feld LLP

Restructuring

Akin has been shortlisted by Legal Business in the category Restructuring Team of the Year as part of the publications annual Legal Business Awards. Akins shortlisted submission highlighted the firms lead role in the successful global chapter 11 restructuring of $6 billion in financial indebtedness of Nordic Aviation, the largest lessor of regional aircraft in…

Restructuring domestic debt – Newspaper – DAWN.COM – DAWN.com

Restructuring

Domestic Debt Restructuring (DDR) is necessary and viable. The term debt restructuring includes three possibilities extension of maturities (re-profiling), coupon resets or reduction of the principal. There is no fourth option. Principal haircuts are generally avoided, and they are not necessary. Re-profiling and coupon resets are sufficient to achieve policy goals. Why restructure domestic debt?…

Monde Nissin completes restructure of meat alternative business – Philstar.com

Restructuring

Iris Gonzales – The Philippine Star August 21, 2023 | 12:00am MANILA, Philippines Snack food giant Monde Nissin Corp. has completed the restructuring of its meat alternative business, cautiously optimistic of the growth of this business segment in the coming quarters. The previously announced restructuring of our meat alternative business has been substantially completed and…

Embracer Group reports almost $1 billion in Q1 revenue, with sales … – Game World Observer

Restructuring

Embracer Group has announced its financial results for the first fiscal quarter ended June 30. The Swedish holding company saw growth in key business metrics, also saying that its restructuring is proceeding according to plan. Financial highlights According to its latest report, Embracer Groups net sales reached SEK 10.45 billion ($955.3 million), up 47% year-over-year.…

WRAPUP 3-Chinese asset manager signals debt overhaul, stokes contagion fears – Yahoo Finance

Restructuring

(Adds Chinese central bank comments) By Jason Xue and Clare Jim SHANGHAI/HONG KONG, Aug 17 (Reuters) – A major Chinese asset manager has told its investors it needs to restructure its debt, stoking fears that a chain of defaults could spread through the financial sector and deliver a destabilising shock to the country’s weakened economy.…