Philippine Airlines Inc. (PAL) Reaches Agreement with Key Stakeholders to Successfully Navigate the COVID-19 Pandemic and Position the Company for Long-Term Growth and Profitability – Business Wire

Restructuring

MANILA, Philippines–(BUSINESS WIRE)–Philippine Airlines Inc. (PAL) announced today that it has entered into a series of agreements with substantially all of the Companys lenders, lessors, and aircraft and engine suppliers, as well as its majority shareholder, to allow the Company to successfully restructure and reorganize its finances to navigate the COVID-19 crisis and emerge as…

Kuuhubb Inc. Announces Debt Restructuring of Subsidiary Kuu Hubb Oy – Yahoo Finance

Restructuring

The Debt Restructuring initiative focused specifically on its Finnish subsidiary Kuu Hubb Oy is intended to improve the companys financial situation by decreasing its current debt burden HIGHLIGHTS: Board of Directors unanimously supports the debt restructuring of its Finland-based subsidiary Kuu Hubb Oy, which represents over 7.7 million of aggregate indebtedness Kuuhubb Inc.s operations will…

Kuuhubb Inc. Announces Debt Restructuring of Subsidiary Kuu – GlobeNewswire

Restructuring

HIGHLIGHTS: Board of Directors unanimously supports the debt restructuring of its Finland-based subsidiary Kuu Hubb Oy, which represents over 7.7 million of aggregate indebtedness Kuuhubb Inc.s operations will continue without interruption; the process is not expected to have any impact on customers, vendors or employees The Debt Restructuring proceedings will be under the jurisdiction of…

GTT Enters into Restructuring Support Agreement with Key Stakeholders to Improve Capital Structure and Execute Business Strategy – Yahoo Finance

Restructuring

– Company anticipates completing previously announced infrastructure division sale to I Squared Capital in the coming weeks – Prepackaged chapter 11 cases for entities based in the United States (U.S.) contemplated after the sale of infrastructure division is closed – The combination of the infrastructure division sale and the transactions contemplated by the RSA will…

GTT Enters into Restructuring Support Agreement with Key Stakeholders to Improve Capital Structure and Execute Business Strategy – Business Wire

Restructuring

MCLEAN, Va.–(BUSINESS WIRE)–GTT Communications, Inc. (OTC: GTTN), GTT or the Company, a leading global cloud networking provider to multinational clients, announced today that it has entered into a Restructuring Support Agreement (RSA or the agreement) with key stakeholders, including holders of a majority of its secured and unsecured debt and I Squared Capital, to implement…

NMC creditors approve restructuring plan that allows 34 companies to exit administration – The National

Restructuring

Creditors of NMC Health have approved its proposed deeds of company arrangement (DOCA) restructuring process, a move that allows 34 companies of the UAEs biggest healthcare provider to exit administration. NMC secured approval for its restructuring proposal from 95 per cent of its creditors on Wednesday, the company said in a statement. The companies that…

APINDO seeks extension of loan restructuring program, moratorium on bankruptcy petitions – Jakarta Post

Restructuring

share this article Share this article Dzulfiqar Fathur Rahman (The Jakarta Post) PREMIUM Jakarta Wed, September 1, 2021 The Indonesian Employers Association (APINDO) is in talks with the government and the Financial Services Authority (OJK) to propose a three-year extension for debt postponement petition (PKPU) and bankruptcy lawsuits as well as the loan restructuring program,…

CavinKare announces business restructuring, ropes in Gen Next – Business Standard

Restructuring

CavinKare indicated that the business will be split into mainly four different streams – FMCG, ecommerce, retail and research and development. TopicsCavinKare|FMCG|ecommerce Shine Jacob | Chennai Last Updated at August 30, 2021 19:03 IST In a first step towards succession plan, Chennai-based fast-moving consumer goods (FMCG) major CavinKare on Monday announced the restructuring of its…