July 23, 2020 09:06 ET | Source: MariMed Inc. Closes $13.0 million mortgage-backed refinancing at 6.5% Retires $7.3 million of short-term higher rate debt Revenues and cash flow from consolidated cannabis operations continue to increase NORWOOD, Mass., July 23, 2020 (GLOBE NEWSWIRE) — MariMed Inc. (OTCQX: MRMD) (the Company or MariMed), a leading multi-state cannabis…
July 23, 2020 06:07 ET | Source: ascena retail group, inc. Restructuring Support Agreement Supported by Over 68% of Secured Term Lenders; Files Voluntary Chapter 11 Petitions to Implement Financial Restructuring Plan COVID-19 Pandemic Disrupted Meaningful Progress Underway to Optimize Balance Sheet and Accelerated Need for Proactive, Strategic Step Forward to Protect the Business for…
MAN Energy Solutions has announced the launch of what it calls a comprehensive program to ensure the future viability of the company. It stated that extensive cost-cutting and restructuring measures are the necessary next steps on the way to the companys transformation into a solutions provider for sustainable energy supply. In addition, the company is…
German propulsion and machinery giant MAN Energy Solutions has announced a comprehensive program to secure the future viability of the company. The program includes extensive cost-cutting and restructuring measures that could see almost 4,000 jobs lost. MAN says it is preparing for a long period of stagnant sales as a result of Covid-19, and sees…
Many Aussie retailers are feeling the financial strain and expect to explore restructuring or insolvency options in the next six months, new research from national business recovery and insolvency firm Jirsch Sutherland has revealed. The independent survey of over 1000 SME directors, almost one-fifth of whom are in the retail sector, identified the key sources…
Downer EDI shares went into a trading halt yesterday to allow the company to start a $400 million capital raising as part of a revamp of the company. Downer said that the revamp includes plans to acquire 100% ownership of Spotless group and plans to sell off capital-intensive businesses like mining contracting and laundry. As…
It took two years to build an office for my marketing consultancy, and now, my team might be out of it in a few months. If this seems like an extremely quick pivot, that’s because it is. But what Ive learned as a CEO (and in life in general) is that its important to always…
One of Australias most forward-thinking advisory firms – CEO Strategic -has partnered with a private financier to offer eligible companies financial assistance in restructuring their businesses in the wake of the Covid-19 pandemic. Daniel Fah, a director at CEO Strategic, said, Businesses emerging from the carnage of COVID,having been unable to trade or trading at…
Michael Rowland, a partner in KPMGs consulting division, has left the Big Four to join Westpac where he has been installed as chief financial officer, ending a near six-month job search. The appointment comes six months after Australias second-largest bank revamped its top leadership after last November’s revelations of a major money-laundering scandal that sparked…
Downer is a diversified company with a range of divisions including mining, engineering, construction and transport. It manufactures and maintains trains and trams, builds bridges and maintains power stations. Via Spotless it also has a major asset maintenance, cleaning and laundry management business. Management also updated the market on the company’s 2020 full-year results, forecasting…