Remington Outdoor Company Announces Restructuring Support Agreement with Creditors for a Comprehensive … – PR Newswire (press release)

Restructuring

The RSA, subject to certain conditions, represents the commitment of the Company and Consenting Creditors to support a comprehensive restructuring of Remington’s existing funded indebtedness. The balance sheet restructuring will be effectuated through a pre-packaged joint plan of reorganization to be filed in the United States Bankruptcy Court for the District of Delaware in connection…

Remington Outdoor Company Announces Restructuring Support Agreement with Creditors for a Comprehensive … – Markets Insider

Restructuring

MADISON, N.C., Feb. 12, 2018 /PRNewswire/ — Remington Outdoor Company (“Remington” or “the Company”) today announced that it has reached a Restructuring Support Agreement (“RSA”) with creditors holding a majority of the FGI Operating Company, LLC (“FGI OpCo”) Term Loans due in 2019 and 7.875% Senior Secured Notes due in 2020 (the “Third Lien Notes”) (collectively,…

Jamie Oliver’s company over $125 million in debt – Australian Hospitality Magazine

Restructuring

Jamie Olivers Italian restaurant empire has hit turbulent times after The Sun revealed Jamies Italian Limited owes debts totalling $125 million. The Sun obtained High Court documents detailing the companys debt, which includes $53 million to financial services company HSBC in overdrafts and loans. Advertisement The company also owes approximately $73 million to landlords, s……

Redknee is poised to rebound after restructuring, says Canaccord Genuity – Cantech Letter

Restructuring

Share this: Transitional periods can be tough, especially when they involve a whole whack of downsizing, but for Toronto-based Redknee Solutions Inc. (TSX:RKN), coming out of restructuring slimmer and more streamlined will make a world of difference, say analyst Robert Young and associate Christian Sgro with Canaccord Genuity, who have raised their target price on…

Creditors accept restructuring plan for Jamie Oliver’s restaurant business – Nottingham Post

Restructuring

Creditors have accepted a restructuring plan from celebrity chef Jamie Oliver which will mean 12 of his restaurants will close. The closures are part of a Company Voluntary Arrangement (CVA), which will allow the Italian chain to secure rent reductions on the remaining estate as well as close down unprofitable stores. Around 200 jobs are…

Walter Investment Management Corp. Successfully Completes … – PR Newswire (press release)

Restructuring

The Company has chosen Ditech Holding Corporation as the new name for its parent company, as it reflects the Company’s focus on its strong core business and its commitment to serving customers. The Company remains committed to enhancing the customer experience through the growth of its origination and servicing businesses and by focusing on new…

Walter Investment Management Corp. Successfully Completes Financial Restructuring – Markets Insider

Restructuring

FORT WASHINGTON, Pa., Feb. 9, 2018 /PRNewswire/ — Walter Investment Management Corp. (NYSE: WAC.BC) today announced that it successfully completed its financial restructuring plan and emerged from Chapter 11 under the name Ditech Holding Corporation (“Ditech Holding” or the “Company”). Trading in Ditech Holding’s new common stock is expected to commence on February 12, 2018 under…