Global Banking News-January 14, 2019--American utility in discussions with banks on
bankruptcy financingM2 EQUITYBITES-January 14, 2019--American utility in discussions with banks on
bankruptcy financingBANKING AND CREDIT NEWS-January 14, 2019--American utility in discussions with banks on
bankruptcy financingCyrus ultimately wound up buying those notes itself, and in a last-minute courthouse hallway deal on Tuesday, it stepped in to provide key
bankruptcy financing the retailer needs to keep operating.
The sources cautioned that negotiations between Sears, Lampert and other potential sources of
bankruptcy financing remained fluid and might not result in a deal.
Versa will also pay cure costs and priority claims, and will take over a USD 20m
bankruptcy financing commitment from US investment banker B.
Chrysler took $7 billion in government loans and another $5 billion in bailout and
bankruptcy financing. Under the terms of its bailout it is not required to make payments on principal on the $7 billion U.S.
GM's government deadline is June 1, but the Obama administration said it will provide
bankruptcy financing if the company cannot successfully restructure outside of court.
In an attempt to amend its USD1.9bn in
bankruptcy financing Delta Air Lines Inc has entered into talks with its lenders.
Delta discusses possible
bankruptcy financing with lenders.
To assist with the
bankruptcy financing and restructuring, Ultimate has received a commitment for up to $113 million in debtor-in-possession financing from Wells Fargo Retail Finance and $5.6 million in DIP financing from Wattles.
Spiegel lined up $400 million in
bankruptcy financing and said its stores and catalog operations will remain open as usual as it begins a bankruptcy process that will last six months to a year.
