(Bloomberg) — Brazilian airline Azul SA has cut deals with lessors, exchanged its debt and raised…
Tag: debt restructuring
Shimao Cuts Asking Price for Hong Kong’s Second-Largest Hotel
(Bloomberg) — Defaulted Chinese developer Shimao Group Holdings Ltd. has slashed the asking price for a…
Pan Brothers Closes In on $537 Million Debt Restructuring
(Bloomberg) — Distressed textile giant PT Pan Brothers is closing in on its debt restructuring after…
Vedanta sees more C-suite exits amid crucial demerger and debt restructuring
Mumbai: Vedanta Group has seen two more senior executives exit recently, adding to a top-level churn…
Spirit Airlines Struggles to Reach Rescue Deal to Avoid Bankruptcy
(Bloomberg) — Spirit Airlines’ efforts to restructure its debt and avoid filing for bankruptcy have hit…
Vedanta’s debt restructuring removes overhang, says Nuvama; raises target price
The successful debt restructuring at Vedanta parent company Vedanta Resources, according to a recent report from…
Sri Lanka announces $6 billion debt restructuring deal to secure IMF bailout
Sri Lanka on Wednesday said it had reached an “agreement in principle” with its lenders, including…
Vedanta open to revising proposal to delay payments on miner’s dollar bonds
After debt holders pushed back on initial terms, Vedanta Resources Ltd has told investors that they…
Compromised defaulter settlements are a worthy step
At the end of March 2018, Indian banking had a non-performing asset (NPA) ratio of 11.5%.…