Daily Bankruptcy & Restructuring Newsletter for June 16, 2015

SEC Filing: Molycorp Elects To Take Advantage of 30-Day Grace Period on $3.36 Million Semi-Annual Interest Payment on its 3.25% Senior Unsecured Convertible Notes Due 2016


SEC Filing: Sabine Oil & Gas to Continue Creditor Discussions and Announces Decision Not to Make Interest Payment


Bloomberg: Millennium Loan Plunges as Lab Tester Negotiates U.S. Settlement


Court Docket (Bankr. D. Del.): New Opinion Issued in Energy Future Intermediate Holding Company LLC and EFIH Finance Inc. v. UMB Bank, N.A., as Indenture Trustee, United States Bankruptcy Court for the District of Delaware Adversary Proceeding Case Number 14-51002 (CSS)


New York Times: Gap Will Close 175 Stores, Hoping to Climb Out of a Slump


Reuters: Michigan county selling notes amid possibility of bankruptcy



High Yield Bond: Niska Gas bonds, shares soar on sale of co. to Brookfield


Bloomberg: Uchumi Fires CEO Who Rescued Kenyan Retailer From Bankruptcy


Arizona Republic: PetSmart plans layoffs


New York Times: S.E.C. Finds Itself in a Constitutional Conundrum


Wall Street Journal: Former AIG Chief Hank Greenberg Wins Moral Victory in Bailout Trial


Press Release: Federal Reserve releases statement on court’s decision in Starr International Company, Inc. v. the United States


McKinsey & Co.: Getting organizational redesign right – Companies will better integrate their people, processes, and structures by following nine golden rules


Harvard Business Law Review Online: Losing Momentive – A Roadmap to Higher Cramdown Interest Rates


Weil, Gotshal & Manges: Professionals Are Not Entitled to Fees for Defending Fee Apps


Congrats to our hometown Chicago Blackhawks – Stanley Cup Champions!

Leave a Reply