Here's what we are reading this morning:
Impactful Rulings and Cases Shaping Bankruptcy Law: 2024 Restructuring Recap | DLA Piper: The restructuring landscape in 2024 demonstrated dynamic shifts, with courts across jurisdictions issuing pivotal rulings that helped reshape bankruptcy law
Independence Contract Drilling, Inc. Announces Emergence from Chapter 11 as a Private Company with Increased Liquidity and a Significantly Deleveraged Balance Sheet: As a result of the process, ICD eliminated over $197 million of convertible debt, significantly improved its working capital position and is emerging with an undrawn $30 million revolving credit facility that will be immediately available to support ICD's strategic and operational plans