Here's what we are reading this morning:
Diamond Sports in deal to emerge from bankruptcy, signs streaming pact with Amazon | Reuters:
Diamond Sports Reaches Restructuring Deal With Amazon, Creditors in Bankruptcy - WSJ:
Diamond Sports Group Enters into Restructuring Support Agreement that Provides Framework for Comprehensive Reorganization Plan to Emerge from Chapter 11 as a Going Concern | Business Wire: Diamond Sports Group announced that it has entered into a Restructuring Support Agreement with its largest creditor groups, including over 85% of the Company’s first lien debt holders, over 50% of the Company’s second lien debt holders, and over 66% of unsecured bond holders, which provides a framework for a reorganization plan that would enable Diamond to emerge from bankruptcy as a going concern and continue its operations.
RMF estate, now ‘out of money,’ seeks conversion to Chapter 7 bankruptcy - HousingWire: Without enough cash to pay its existing Chapter 11 bankruptcy obligations, the administrator for RMF's estate aims to convert to Chapter 7.
Dish Network’s Debt Exchange Plan Sparks Worry Among CDS Traders: Dish Network Corp.’s debt exchange ambitions are causing consternation among traders who bought a form of insurance that pays out if the struggling satellite television company defaults, according to people with knowledge of the matter.