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June 11, 2021

Corporate Debt Restructurings

EDF restructuring talks not ‘bogged down’, CEO says

Reuters
FILE PHOTO: The company logo for Electricite de France (EDF) is seen in Paris, France, March 2, 2021. REUTERS/Benoit Tessier PARIS (Reuters) – Talks with the European Commission on restructuring EDF are not stuck and the French firm remains on track to start operating its next-generation nuclear reactor at Flamanville......

EDF chief executive says restructuring talks “not at all bogged down”

Reuters
PARIS, April 10 (Reuters) – Negotiations over the restructuring of French state-run utility EDF are not stuck and near daily discussions between Paris and the European Commission continue, chief executive Jean-Bernard Levy said on Saturday. “(The negotiations) are not at all bogged down,” Levy told France Inter radio. The restructuring......

BHP, Vale Samarco JV files for Brazil bankruptcy protection

Reuters
FILE PHOTO: The logo of the Brazilian mining company Vale SA is seen in Brumadinho, Brazil January 29, 2019. REUTERS/Adriano Machado/File Photo RIO DE JANEIRO (Reuters) – Samarco Mineracao SA, a joint venture between Brazilian miner Vale SA and BHP Group Ltd, has filed for bankruptcy protection to prevent creditors’......

France, EU close to a deal on Air France bailout: minister

Reuters
FILE PHOTO: The first Air France airliner Airbus A350 prepares to take off after a ceremony at the aircraft builder’s headquarters in Colomiers near Toulouse, France, September 27, 2019. REUTERS/Regis Duvignau PARIS (Reuters) – France and the European Union are close to a deal on a bailout for Air France,......

Just Energy files to restructure in Canada after Texas freeze hit

Reuters
March 9 (Reuters) – Gas and electric utility Just Energy Group Inc said on Tuesday it was restructuring under the Companies’ Creditors Arrangement Act in Canada and plans to file for Chapter 15 bankruptcy in the United States due to a hit from the unprecedented cold weather in Texas in......

Malaysia’s AirAsia Group plans air taxi, drone delivery service

Reuters
KUALA LUMPUR (Reuters) – Malaysia’s AirAsia Group Bhd plans to launch an air taxi service and the country’s first drone delivery service as the budget carrier seeks to diversify amid the coronavirus pandemic, the company’s CEO said on Saturday. FILE PHOTO: Tail of AirAsia X plane as seen at the......

S&P joins Fitch in downgrade of Ethiopia on potential debt restructuring

Reuters
The S&P Global logo is displayed on its offices in the financial district in New York City, U.S., on December 13, 2018. REUTERS/Brendan McDermid/File Photo (Reuters) – S&P Global Ratings on Friday downgraded Ethiopia’s long-term foreign and local currency sovereign credit ratings to ‘B-’ from ‘B’ on potential debt restructuring,......

Chesapeake Energy emerges from bankruptcy and shifts back to natural gas

Reuters
HOUSTON (Reuters) – U.S. shale producer Chesapeake Energy Corp on Tuesday exited Chapter 11 bankruptcy with business plan that nods to its founders’ emphasis on natural gas after a recent push into crude oil. FILE PHOTO: Chesapeake Energy Corporation’s 50 acre campus is seen in Oklahoma City, Oklahoma, on April......

UK to offer businesses more flexibility to pay back COVID loans

Reuters
FILE PHOTO: Buildings are seen in the Canary Wharf business district, amid the outbreak of the coronavirus disease (COVID-19), in London, Britain January 27, 2021. REUTERS/Peter Cziborra LONDON (Reuters) – Companies that took out loans under a COVID-19 scheme will be allowed more flexibility in paying them back by lengthening......

Three listed units of China’s HNA disclose embezzlements of nearly $10 bln

Reuters
BEIJING, Jan 31 (Reuters) – Three units of HNA, once China’s most acquisitive conglomerate, said nearly $10 billion had been embezzled by shareholders, in disclosures to stock exchanges that come amid a government-led probe into the deeply indebted group. A total of 61.5 billion yuan ($9.57 billion) had been embezzled......

UPDATE 2-Brazilian appliance retailer Casa & Video files for IPO

Reuters
By Carolina Mandl, Tatiana Bautzer (Updates with filing) SAO PAULO, Jan 22 (Reuters) – Brazilian appliance retailer Casa & Video filed for an initial public offering on Friday, according to a preliminary prospectus on the securities industry watchdog CVM website. The Rio de Janeiro-based company has hired the investment banking......

UPDATE 2-Brazilian appliance retailer Casa & Video files for IPO

Reuters
By Carolina Mandl, Tatiana Bautzer (Updates with filing) SAO PAULO, Jan 22 (Reuters) – Brazilian appliance retailer Casa & Video filed for an initial public offering on Friday, according to a preliminary prospectus on the securities industry watchdog CVM website. The Rio de Janeiro-based company has hired the investment banking......

Williams, Chesapeake resolve midstream contract disputes

Reuters
Nov 23 (Reuters) – Pipeline operator Williams Companies Inc said on Monday it has reached a resolution with bankrupt shale producer Chesapeake Energy Corp and will reduce the fees it will charge on some lines. As part of the agreement, Chesapeake will pay all pre-bankruptcy and past dues receivables related......

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