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…
Tesla CEO Elon Musk sent an email to employees on Monday morning stating that the company is reorganising in an effort to flatten management structure and improve communication. Musk originally said that Tesla was restructuring in the companys first-quarter earnings call earlier this month. Musk said in the memo that Tesla still plans to hire…
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 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…
Get inside Wall Street with StreetInsider Premium. Claim your 2-week free trial here. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 May 10, 2018 Date of Report (Date of earliest event reported) ATYR PHARMA, INC. (Exact name of…
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…
* Plans underwritten equity issue * Also seeking new debt facilities, other capital sources * To announce plans on Thursday (Adds detail, shares) LONDON, May 14 (Reuters) – Britains Mothercare, the struggling mother and baby products retailer, said on Monday it would ask investors for more money as part of a major restructuring it plans…
Carillion used suppliers to prop up a failing business model and conceal true levels of debt, say MPs investigating the failed government contractor. The parliamentary inquiry into the collapse of a company that provided a host of vital public services, including catering in schools, prison maintenance and construction of new NHS hospitals will conclude on…
Fashion retail group Noni B Limited (ASX: NBL) is banking on a major turnaround in the struggling Australia retail sector after it paid Specialty Fashion Group (ASX: SFH) $31 million for a portfolio of its loss making brands. Noni B Group has agreed to acquire the assets and businesses of Millers, Katies, Crossroads,…
by Editor | May 13, 2018 12:00 am Increasing complexity of local economy, decreasing aggregate effective demand, increasing infrastructural deficits, multiple taxes and charges have all contributed to lower productive capacities and volumes, thereby increasing cost of doing business and decreasing profit margins. Specifically for…