Here's what we are reading this morning:
GOL Initiates Legal Financial Restructuring: Company to Use United States Chapter 11 Process to Strengthen Financial Position; Company Secures US$950 Million New Financing Commitment to Support the Business
Steward Health Taps Restructuring Advisers Following Worsening Financials - WSJ: Steward Health Care System, the largest tenant of hospital landlord Medical Properties Trust, has engaged restructuring advisers as the healthcare provider contends with deepening financial problems, according to people familiar with the matter. Dallas-based Steward is working with law firm Weil Gotshal & Manges and turnaround consulting firm AlixPartners to evaluate options for its troubled business, the people said.