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PR Newswire: Restructuring & Recapitalization

Press Releases from PR Newswire about Restructuring & Recapitalization

Published: Fri, 24 Mar 2017 08:25:15 EDT

Last Build Date: Thu, 23 Mar 2017 09:00:00 EDT


Interpace Diagnostics Group Announces Agreements to Successfully Restructure Debt and Terminate Royalty and Milestone Obligations

Thu, 23 Mar 2017 09:00:00 EDT

(image) PARSIPPANY, N.J., March 23, 2017 /PRNewswire/ -- Interpace Diagnostics Group, Inc. (NASDAQ: IDXG) (the "Company"), a fully integrated commercial company that provides clinically useful molecular diagnostic tests and pathology services, today announced that it has entered into agreements...

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SquareTwo Financial Announces Portfolio Asset Sale To Resurgent Holdings And Court Supervised Business Restructuring

Sun, 19 Mar 2017 19:57:00 EDT

DENVER, March 19, 2017 /PRNewswire/ -- SquareTwo Financial Services today announced it reached an agreement with Resurgent Holdings LLC under which Resurgent or one or more of its subsidiaries or affiliates will acquire substantially all of SquareTwo's portfolio of assets. The acquisition...

Magna announces specific share repurchase program as part of normal course issuer bid

Fri, 17 Mar 2017 18:05:00 EDT

(image) AURORA, ON, March 17, 2017 /PRNewswire/ - Magna International Inc. (TSX: MG; NYSE: MGA) today announced that the Toronto Stock Exchange ("TSX") has accepted Magna's amended Notice of Intention to Make a Normal Course Issuer Bid (the "Notice"). The Notice has been amended to permit the...

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Ocean Rig UDW, Inc. Unable to Extend Confidentiality Agreement with Investors, Prompting Disclosure of Information on Restructuring Negotiations

Fri, 17 Mar 2017 15:30:00 EDT

(image) DALLAS, March 17, 2017 /PRNewswire/ -- Highland Capital Management, L.P. ("Highland"), acting on behalf of its funds and managed accounts holding investments in Ocean Rig UDW, Inc. and certain of its subsidiaries (collectively, "Ocean Rig" or "Company"), and acting in furtherance of...

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Huntsman Announces Intention to Close Remaining Operations At its Titanium Dioxide Facility in Calais, France

Fri, 17 Mar 2017 06:15:00 EDT

(image) THE WOODLANDS, Texas, March 17, 2017 /PRNewswire/ -- Huntsman Corporation (NYSE:HUN) has today announced a plan to close the white end finishing and packaging operation of its titanium dioxide (TiO2) manufacturing facility based in Calais, France, during the third quarter 2017. The...

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Judge Announces Intention To Confirm Peabody Energy Plan Of Reorganization, Paving Way For Emergence

Thu, 16 Mar 2017 21:06:00 EDT

(image) ST. LOUIS, March 16, 2017 /PRNewswire/ -- Peabody Energy announced today that the judge presiding over the company's Chapter 11 process in United States Bankruptcy Court for the Eastern District of Missouri has ruled that he intends to confirm the company's amended plan of reorganization...

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Emergent Capital Announces Recapitalization with PJC Investments and Convertible Noteholders

Thu, 16 Mar 2017 16:58:00 EDT

(image) BOCA RATON, Fla., March 16, 2017 /PRNewswire/ -- Emergent Capital, Inc. (OTCQB: EMGC) announced today it has entered into separate agreements with PJC Investments, LLC, a Texas limited liability company, and approximately 91% of the Company's convertible note holders to recapitalize the...

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CIAO Group Announces Plan to Pursue $1.5 Trillion Communications Market Sector

Thu, 16 Mar 2017 08:30:00 EDT

DALLAS, March 16, 2017 /PRNewswire/ -- Ciao Group, Inc. (USOTC:CIAU) today announced a business plan refresh, and planned corporate name change to NuMelo Technology. Last year, Ciao Group underwent a change of control and management transition. The Company has brought all its...

Ultra Petroleum Announces 2017 Capital Investment Program And Financial And Operational Guidance

Wed, 15 Mar 2017 16:15:00 EDT

(image) HOUSTON, March 15, 2017 /PRNewswire/ -- Ultra Petroleum Corp. ("Ultra") (OTC: UPLMQ) announced its capital investment program and financial and operational guidance for 2017. The company's Board of Directors approved the planned 2017 drilling and completion capital budget of $500.0...

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Sungevity, Inc. Announces Plan To Strengthen Balance Sheet And Restructure Company

Mon, 13 Mar 2017 19:13:00 EDT

(image) OAKLAND, Calif., March 13, 2017 /PRNewswire/ -- Sungevity, Inc. ("Sungevity"), a technology-driven solutions provider, offering exceptional service and choice to residential and commercial solar energy customers, today announced that it has commenced voluntary Chapter 11 proceedings in...

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Seven Point Equity Partners Closes Recapitalization of Medin

Mon, 13 Mar 2017 17:20:00 EDT

WESTPORT, Conn., March 13, 2017 /PRNewswire/ -- Seven Point Equity Partners, LLC, an operationally focused private investment firm, announced today that it acquired the assets of Medin Corporation on December 31, 2016. Renamed Medin Technologies, Inc., the company, which is headquartered...

Vivint Solar Extends Aggregation Credit Facility

Mon, 13 Mar 2017 08:00:00 EDT

(image) LEHI, Utah, March 13, 2017 /PRNewswire/ -- Vivint Solar, Inc. (NYSE: VSLR), a leading full-service residential solar provider, today announced that it has extended the term of the availability period for borrowing under its aggregation credit facility by an additional three years to March...

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Stelco (U. S. Steel Canada) to File Materials with Court Regarding Proposed Transaction with Bedrock Industries Group LLC

Fri, 10 Mar 2017 17:24:00 EST

Files Plan of Compromise, Arrangement and Reorganization, Information Circular, information regarding Supplementary Claims Process, information regarding Meeting of Affected Creditors and Stay Extension Motion with the Ontario Superior Court of Justice Seeks authorization to...

MPE Partners Announces The Recapitalization Of Plastic Components, Inc.

Fri, 10 Mar 2017 08:00:00 EST

(image) CLEVELAND and BOSTON, March 10, 2017 /PRNewswire/ -- MPE Partners ("MPE") announced today the recapitalization of Plastic Components, Inc. ("PCI" or "the Company"), a leading manufacturer of highly engineered and high precision injection molded components for mission critical applications...

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Medin Successfully Recapitalizes and Raises New Capital With Financial Partner

Thu, 09 Mar 2017 23:45:00 EST

(image) TOTOWA, N.J., March 9, 2017 /PRNewswire/ -- Medin Corporation announced today that it was acquired by Seven Point Equity Partners, LLC in a recapitalization transaction on December 31, 2016. Renamed Medin Technologies, Inc., the company, which is headquartered in Totowa, NJ, is the...

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Toisa Limited Announces Initial Charter of MT United Journey

Wed, 08 Mar 2017 07:00:00 EST

NEW YORK, March 8, 2017 /PRNewswire/ -- Toisa Limited announced today that its vessel the MT United Journey has been fixed to load out of West Africa for Italy.  The MT United Journey was released on February 21st from St. Eustatius in the Caribbean Netherlands, where it had been idled fol...

ModSpace Successfully Completes Financial Restructuring

Mon, 06 Mar 2017 15:48:00 EST

(image) BERWYN, Pa., March 6, 2017 /PRNewswire/ -- Modular Space Corporation ("ModSpace") today announced that it has successfully exited its pre-packaged chapter 11 bankruptcy with a $90 million equity investment, a new $640M asset-backed credit facility and the elimination of more than $400...

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Natural Resource Partners L.P. Announces 2016 Fourth Quarter and Full Year Results and Completion of Recapitalization Transactions

Mon, 06 Mar 2017 08:00:00 EST

(image) HOUSTON, March 6, 2017 /PRNewswire/ -- 2016 Highlights Net income from continuing operations attributable to the limited partners of $93.6 million, or $7.65 per unit Net cash provided by operating activities of continuing operations of $100.6 million Adjusted...

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Elite Aviation Products Announces Corporate Roll-Up Into Elite Aerospace Group

Fri, 03 Mar 2017 16:05:00 EST

(image) TUSTIN, Calif., March 3, 2017 /PRNewswire/ -- Dustin Tillman CEO of Elite Aviation Products (EAP) formally announced today that Elite Aviation Products, along with its sister company Elite Engineering Services (EES), have completed their corporate rollup into their new parent company...

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iSIGN Media Announces a Management Restructuring

Wed, 01 Mar 2017 19:28:00 EST

TORONTO, March 1, 2017 /PRNewswire/ - iSIGN Media Solutions Inc. ("iSIGN" or "Company") (TSX-V: ISD) (OTC: ISDSF), a leading provider of interactive mobile advertising solutions that serves brands, commercial locations, retailers and service providers throughout North America, today...