Bankruptcy & Restructuring News Headlines for Friday Apr 5, 2024

Here's what we are reading this morning:

Altice secured creditors prepare cooperation agreement: A group of Altice France’s secured creditors are in talks to form a cooperation agreement, which would bind them to act together in potential talks with the struggling telecoms company, according to 9fin sources.

CVC Capital-Backed ConvergeOne Files for Bankruptcy to Cut $1.6 Billion in Debt - WSJ: The proposed reorganization could give ownership to lenders including Silver Point Capital and Monarch Alternative Capital

Fisker confirms advisor retentions: SEC filing: "The Company continues to evaluate strategic alternatives and has engaged Deutsche Bank and PJT Partners to act as its financial advisors in connection with such efforts"

Fisker Enters Into Forbearance Agreement: The forbearance period under the Forbearance Agreement commenced on April 4, 2024 and will end on the earlier of (a) April 21, 2024 and (b) the occurrence of any Forbearance Default

C1 Announces Agreement with Lenders and Other Stakeholders to Significantly Reduce Debt and Boost Liquidity, Enabling Company to Invest for Growth: In order to implement the agreement on an expedited basis, C1 has filed a prepackaged Chapter 11 proceeding in the United States Bankruptcy Court for the Southern District of Texas





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