A restructuring plan for Portugal’s flag carrier TAP will be sent to the European Commission in November, the secretary of state for the Treasury said on Tuesday, which if approved will buy the airline time to repay a...
Will Debt Restructuring turn the TIDE for SUZLON ENERGY?
Loss making wind turbine maker Suzlon Energy has finally completed its debt restructuring. The company has met all the stiff conditions put forth by its lenders. After the restructuring, the company's term debt has been...
Asia M&A seen cementing rebound as techs, conglomerates step up restructuring
Asia-Pacific mergers and acquisitions are forecast by bankers to remain buoyant after surging 63% in the third quarter, driven by technology companies and conglomerates making strategic moves as they emerge from the...
Aditya Birla Group’s Birla Carbon announces global restructuring plan
Aditya Birla Group’s carbon black manufacturing arm, Birla Carbon has announced global restructuring plans in order to focus on market driven innovation, and leverage its global capabilities, the U.S. based company said...
Motherson Sumi announces new organizational restructuring, wiring business to become separate entity
Motherson Sumi Systems Ltd – India’s largest automotive component manufacturer – on Tuesday announced a new corporate structure, wherein the domestic wiring harness business will be demerged into a separate entity...
Suzlon Energy completes debt restructuring as promoters satisfy capital infusion condition
Suzlon Energy has completed its debt restructuring after satisfying the conditions put forth by the lenders that included a capital infusion of Rs 392 crores by promoters, the wind turbine maker said on Wednesday. The...
ViacomCBS slashes up to 400 jobs as part of merger restructuring: source
ViacomCBS Inc is cutting up to 400 employees across CBS as part of its plan to save $750 million from its merger with CBS, a source familiar with the matter said on Thursday. Digital and local media companies including...
Airbus exploring restructuring plans, job cuts due to Covid-19: Report
Airbus is exploring restructuring plans involving the possibility of “deep” job cuts as it braces for a prolonged coronavirus crisis after furloughing thousands of workers, industry sources said, though no...
Buenos Aires province extends deadline for debt restructuring proposal
Argentina’s Buenos Aires province will extend until May 26 its deadline for creditors to respond to its restructuring proposal, the government said in a statement on Monday. The province’s proposal, which was originally...
ITPCL lenders to meet this week to vote on restructuring plan
Lenders to IL&FS Tamil Nadu Power Company (ITPCL), which is undergoing insolvency proceedings, are likely to meet this week to finalise a restructuring plan, a source said. ITPCL is a special purpose vehicle (SPV)...
Creditors of Brazilian conglomerate Odebrecht approve restructuring plan
Creditors of Brazilian corruption-ensnared conglomerate Odebrecht SA have approved debt restructuring plans of 12 of its subsidiaries, after an online assembly that lasted more than eight hours. Odebrecht’s lawyer...
In-flight entertainment company Global Eagle explores debt restructuring – sources
Global Eagle Entertainment Inc, a provider of in-flight wireless internet and live television, is exploring debt restructuring options as air travel suffers an unprecedented collapse, people familiar with the matter...