Bankruptcy & Restructuring News Headlines for Tuesday Apr 2, 2024

Here's what we are reading this morning:

Sacramento Catholic Diocese files for bankruptcy over abuse lawsuits | Sacramento Bee: “The likely cost of the lawsuits far outstrips the diocese’s funds available for litigation or settlement.”

Chile Telecom Operator WOM Files for Bankruptcy in the US - Bloomberg: WOM, once a rising Chilean startup that vowed to challenge the country’s dominant telecom operators, filed for bankruptcy after falling short on a plan to refinance $348 million in debt due in November.

Eiger BioPharmaceuticals Files for Bankruptcy - WSJ: Shares of Eiger BioPharmaceuticals plunged to an all-time low Monday after the company filed for chapter 11 bankruptcy with a deal in hand to sell its Zokinvy drug.

Ares Sells $113 Million Denver Office Mortgage for ‘Land Value’: Cress Capital, a real estate investment manager, said it acquired a $113 million mortgage on a Denver office tower from an Ares Management Corp. affiliate for the equivalent of the land cost

Acorda Therapeutics and Merz Announce Signing of “Stalking Horse” Asset Purchase Agreement: Acorda Files for Voluntary Chapter 11 Protection to Facilitate Orderly Sale; Acorda Enters into a Restructuring Support Agreement with over 90% of the Secured Convertible Noteholders

Older Post Newer Post