Tix, Las Vegas Discount Ticket Seller, Files for Bankruptcy: Tix filed for bankruptcy after the Covid-19 pandemic led to the closure of its discount-ticket stores in Las Vegas under the Tix4Tonight brand and its online ticket-sales operations.
What retail executives are saying about widespread supply chain bottlenecks | Retail Dive: From air shipping to ship charters to price increases, industry players are managing chaos at ports and throughout the global production network every way they can.
Purdue Pharma bankruptcy judge to rule Friday on opioid settlement | Reuters: A U.S. judge in the Purdue Pharma bankruptcy case expects to rule on Friday on the OxyContin maker's request to approve its settlement of opioid-related litigation.
Tracking the Influx of Mall Value Reductions (Part 1): Trepp has assembled a preliminary list of malls that have seen valuation reductions within the last 3 months.
Talen Creditors Hire Perella Weinberg Ahead of Debt Talks - Bloomberg: Talen Energy Corp. creditors hired a financial adviser to guide them through talks that could involve a debt swap as the struggling power producer pivots to renewable energy, according to people with knowledge of the matter.
Opioid Maker Endo Consults Restructuring Experts Amid Litigation - Bloomberg: Drugmaker Endo International Plc is huddling with debt restructuring experts from Skadden, Arps, Slate, Meagher & Flom and PJT Partners as it considers how to address financial liabilities related to opioid lawsuits, according to people with knowledge of the conversations.
Current Reports (Form 8-K) Filed With the Securities & Exchange Commission (SEC) Regarding Triggering Events That Accelerate or Increase a Direct Financial Obligation (Item 2.04) for the Week Ended Wednesday Aug 25, 2021:
Grupo Posadas Announces Agreement with Key Noteholder Group on Terms of Restructuring to Achieve Sustainable Capital Structure: To implement the Transaction, the Ad Hoc Group has agreed to support the Company's initiation of a prepackaged in-court restructuring proceeding in the U.S. and has entered into a restructuring support agreement (the "RSA") with the Company to facilitate that process in the most efficient manner