Norway’s offshore service vessels (OSVs) supplier Solstad Offshore and its creditors have agreed on a draft restructuring plan, which includes converting 10 billion crowns ($962.17 million) of debt into equity, the...
Offshore driller Valaris gears up for possible debt restructuring: sources
Offshore oil driller Valaris PLC is exploring debt restructuring options as it grapples with a rig accident and a broader collapse in energy prices, people familiar with the matter said on Friday. Valaris has tapped...
Suzlon board approves debt restructuring plan, promoters to infuse Rs 400 crore
The board of beleaguered wind energy producer Suzlon Energy has approved the debt restructuring plan, which will be presented to the committee of creditors (CoC) shortly. This debt restructuring plan will include equity...
NMC Health hires Moelis for debt restructuring: sources
NMC Health, the UAE healthcare company, has hired Moelis & Co to advise on a debt restructuring, three sources familiar with the matter said on Sunday. The sources said NMC had hired Moelis in relation to its...
DCM goes for Restructuring
DCM LIMITED (DCM) is a public Company is engaged in the business of manufacturing/ sale of castings to the automotive industry and real estate development. The equity shares of the Company are listed on the Stock...
PG&E nears deal with Pimco, Elliott on restructuring plan: Bloomberg
Bankrupt California power producer PG&E Corp is nearing a deal with creditors that would entitle them to a mix of equity and new debt if they scrap their rival restructuring plan, Bloomberg reported on Tuesday...
Govt approves restructuring of Railway Board, unification of services
The 114-year-old Railway Board’s strength will be cut from eight to five, while the eight railway-related wings will be merged into a single central service called the Indian Railway Management Service (IRMS) within a...
Toshiba restructuring plan faces hurdle as activist builds stake in unit
Toshiba Corp’s ownership restructuring plan faces a challenge, with activist investor Yoshiaki Murakami building a stake in a unit that the conglomerate aims to buy out, potentially making it sweeten an offer. Toshiba...
China eases M&A rules for listed companies to spur restructuring
China’s securities regulator on Friday scrapped profitability requirements in merger and acquisition (M&A) deals involving publicly traded companies in an effort to facilitate restructuring in a slowing economy. The...
PG&E gets $34 billion in debt financing as part of restructuring plan
PG&E Corp, seeking to fend off a group of bondholders trying to take control of its bankruptcy, said it has lined up $34.4 billion in debt financing commitments for its planned reorganisation. The California utility...
Restructuring process likely to impact 350 employees of Sharekhan
Sharekhan, which is one of the top five brokerages in India, is going through a restructuring process that could impact 350 employees. A spokesperson for BNP Paribas India said: “Our business is evolving to meet the...
Union says AT&T must reject Elliott’s restructuring plan
AT&T’s main labor union on Thursday called on the company to reject hedge fund Elliott Management’s proposals for a major shakeup of the United States’ second-largest telecommunications carrier. The Communications...