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Coronavirus: Leading economist warns of 10 years of depression and debt

2020-05-22 23:17:00| BBC News | Business | UK Edition

Economist Nouriel Roubini - "Dr Doom" - has warned of a prolonged downturn and sluggish recovery.

Tags: years leading debt depression


Digicel files for bankruptcy under debt restructuring plan

2020-05-20 09:13:00| Telecompaper Headlines

(Telecompaper) Caribbean-focused operator Digicel has filed for bankruptcy court reorganisation as part of its plan to reduce debt, cut financing costs and extend debt maturities, reports ABC News, citing company spokesman Pat Walsh. "It is business as usual," said Walsh, adding that the Chapter 15 filing in New York would not affect operations in the 32 markets that the company serves from its headquarters in Jamaica. A hearing in the Chapter 15 bankruptcy case is scheduled for June, added the report.

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Diamondback Energy Prices $500 Million Debt Offering

2020-05-20 00:00:00| OGI

Proceeds will be used to fund a cash tender offer that commenced May 18 for the purchase of notes Diamondback Energy acquired through its merger with Energen in 2018.

Tags: prices million energy offering


DOF and DOF Subsea Reach Debt Standstill Deals

2020-05-19 19:24:19| OGI

DOF ASA and DOF Subsea AS have entered into suspension agreements with, or received similar concessions from, secured lenders representing 93% of the secured debt of companies within the DOF Group comprised by the suspension agreements, the company said on May 15. 

Tags: deals reach debt dof


Coronavirus: Shopping centre giant Intu warns of debt default risk

2020-05-18 11:01:20| BBC News | Business | UK Edition

Trafford Centre-owner Intu is asking lenders for breathing space as coronavirus hampers recovery.

Tags: shopping centre risk default


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