EC report highlights non-performing loans – Cyprus Property News Magazine

THE EUROPEAN COMMISSION has sent a warning regarding the course of debt restructuring in the Cypriot banking system, saying that efforts to restructure non-performing exposures have not yet shown tangible results. Financial institutions have stepped up their debt restructuring efforts, but the results have been mixed so far, the Commission report said, adding that the…

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PacSun Releases Details Behind Bankruptcy & Restructuring Plan – Transworld Business

PacSun secures up to $120M financing from Golden Gate Capital and Wells Fargo; Fourth Quarter comps were slightly up while Year-End comps slumped 2.6% After rumors hit earlier this week, Pacific Sunwear officially announced it has reached a comprehensive debt-for-equity restructuring agreement with Golden Gate Capital, who has promised to deliver a minimum of $20…

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Deals Help Shrink Glencore’s Mountain of Debt – Hellenic Shipping News Worldwide

Glencore Plcs $2.5 billion agriculture deal is another milestone to solving Chief Executive Officer Ivan Glasenbergs biggest problem last year reducing a mountain of debt. Canadas biggest pension fund will buy a 40 percent stake in the agriculture business and Glencore said it may sell an additional 20 percent, which could be worth $1.25 billion based…

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Abakus Solar of Germany enters prelim insolvency – SeeNews Renewables

Solar system. Author: Oregon Department of Transportation. License: Creative Commons, Attribution 2.0 Generic. April 8 (SeeNews) – Christoph Niering has been appointed as preliminary insolvency administrator for German company Abakus Solar AG and its operation and maintenance (O&M) unit Abakus Solar Service GmbH. The company applied in the court of Essen for the start of…

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