Bankruptcy & Restructuring News Headlines for Monday Feb 26, 2024

Here's what we are reading this morning:

Apex Tool’s Loan Prices Plunge on Debt Restructuring Proposal: Bain Capital-backed Apex Tool Group reached a deal with a group of lenders that would provide the company with fresh capital while allowing a handful of creditors to jump ahead in the repayment line, according to people with knowledge of the matter.

Binance says it 'accepts responsibility' for past actions as judge approves plea deal | The Block: Binance Holdings Ltd. will pay one of the largest corporate penalties in U.S. history after a judge approved a plea deal on Friday. 

Express Asked to Set Aside Cash Pool for Possible Bankruptcy - Bloomberg: At least one lender to Express Inc. has approached the retailer to put aside a pool of money for expenses tied to a potential future bankruptcy filing, according to people with knowledge of the matter.

CorEnergy Enters Restructuring Support Agreement | Business Wire: To implement the RSA, CorEnergy has filed a voluntary chapter 11 proceeding in the U.S. Bankruptcy Court for the Western District of Missouri.

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