DealBreaker (Free subscription) | yesterday
Six Flags has bowed to pressure from hedge fund Avenue Capital Management and backed down from a plan to would effectively hand the theme-park company over to its senior lenders. The company filed for bankruptcy over the summer, proceeding to trot out its creepy old man mascot in an effort to drum up business. That reorganization plan would have given almost all of its stock to senior...
EuroTelcoblog (Free subscription) | 11/06/2009
... should save c.EUR95m in interest costs before taking into account the margin increases for the senior lenders. In short, the company should be stabilized by this deal, but things are going to be tight for a long time, and the market still needs to consolidate, so let's call it Chapter One.
PR News Wire (Free subscription) | 11/06/2009
Moody's report is written from the perspective of the issuers of senior debt in rated transactions. The narrow definitions of "default" and "distressed" must be taken into account when assessing Moody's conclusions. The report does not address or reflect returns to the equity investors in these transactions, nor does it address the benefits to the portfolio companies, their stockholders and,...
San Fransisco Chronicle (Free subscription) | 11/03/2009
The owners of Philadelphia's two major dailies are waging a late-stage battle to keep the newspapers from creditors in a looming bankruptcy auction. Senior lenders now have the right to use the $300 million owed them to win The Philadelphia Inquirer and... Newspaper - Philadelphia Inquirer - Philadelphia - Bankruptcy - Creditor
Star Tribune (Free subscription) | 11/03/2009
... waging a late-stage battle to keep the newspapers from creditors in a looming bankruptcy auction.Senior lenders now have the right to use the $300 million owed them to win The Philadelphia Inquirer and Philadelphia Daily News at the mid-November auction.That gives them enough clout to beat the opening $67 million bid posted by current and new investors.But the local owners were appealing...
Editor And Publisher (Free subscription) | 11/03/2009
PHILADELPHIA The owners of Philadelphia's two major dailies are waging a late-stage battle to keep the newspapers from creditors in a looming bankruptcy auction.Senior lenders now have the right to use the $300 million owed them to win The Philadelphia Inquirer and Philadelphia Daily News at the mid-November auction.That gives them enough clout to beat the opening $67 million bid posted...
Auto Channel (Free subscription) | 11/04/2009
... the restructuring transaction, potential loss of support for the restructuring transaction by the senior lenders or noteholders, non-acceptance of the restructuring transaction by other Accuride stakeholders, delays in the confirmation or effective date of the restructuring transaction, failure to meet certain restructuring transaction objectives and milestones, otherwise being unable...
Seattle Times (Free subscription) | 11/03/2009
The owners of Philadelphia's two major dailies are waging a late-stage battle to keep the newspapers from creditors in a looming bankruptcy auction.
Sify (Free subscription) | 11/04/2009
The owners of Philadelphia's two major dailies are waging a late-stage battle to keep the newspapers from creditors in a looming bankruptcy auction.Under a key ruling in the case, senior lenders have the right to use the $300 million owed them to win The Philadelphia Inquirer and Philadelphia Daily News at the Nov. 18 auction. That gives them enough clout to beat the opening $67 million...
