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Tag: debt
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.
Tags: plan
files
debt
bankruptcy
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.
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
Intelsat files for Chapter 11 protection to restructure debt
2020-05-14 09:14:00| Telecompaper Headlines
(Telecompaper) Intelsat has filed for Chapter 11 bankruptcy protection in the US in order to restructure its debt. The company said it needs to free up cash in order to start on clearing its C band spectrum in the US for 5G and qualify for the associated transition payments.
Tags: files
protection
chapter
debt
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