Sundevil Power Files for Bankruptcy, S&P Predicts Jump in High-Yield Default Rate

Court Docket (Bankr. D. Del.): Declaration of Principal at Wayzata Investment Partners LLC in Support of Chapter 11 Bankruptcy Filings by Sundevil Power Holdings, LLC & SPH Holdco LLC

High Yield Bond: High Yield Default Rate up to 3.9% by Year-End 2016

Bloomberg: Some Hedge Funds Want to Make Subprime Auto Loans Next Big Short

Reuters: Caesars senior creditors threaten to tear up framework plan

Wall Street Journal: Peabody Energy to Draw Down Rest of $1.65 Billion Revolving Loan

SEC Filing: Peabody Energy Confirms Draw Downs

Street Insider: S&P Downgrades Midstates Petroleum (MPOY) to ‘CCC-‘; Sees Potential for Chapter 11 Filing

Reuters: Hercules Offshore considering selling itself

SEC Filing: Brandywine Realty Trust records major impairment charges relating to suburban office properties

SEC Filing: Lands’ End to record an impairment charge for its trade name asset in the range of $90-110MM in 4Q2015

New York Times: Pandora Is Said to Have Held Talks About Selling Itself

Contra Costa Times: FBI probing Ponzi scheme claims, owner of Berkeley wine store files for bankruptcy

Wall Street Journal: Revel Owner Glenn Straub, Casino Restaurants Pick Legal Bar Brawl

Charlotte Observer: Attorneys seek to dismiss claims in DesignLine bankruptcy case

NewsOK: WPX Energy to close OKC office, lay off 60 employees

Weil, Gotshal & Manges: Don’t Go Chasing (Debtor-Affiliate) Waterfalls: Second Circuit Applies 510(b) Subordination to Contribution Claims Arising from the Securities of an Affiliate of a Debtor

Leave a Reply