Bankruptcy & Restructuring News Headlines for Tuesday Jul 26, 2022

Here's what we are reading this morning:

Weber shares tank as grill maker announces CEO departure amid disappointing sales: The Palatine, Illinois-based company also suspended its quarterly cash dividend and said it is committed to working with lending partners to remain in compliance with its credit facilities.

Borrowing Among Junk-Rated Firms Slows to a Trickle - WSJ: A combination of higher funding costs and ratings upgrades has trimmed the supply of high-yield bonds.

NYC Public Transit Will Need Until 2035 to Match Pre-Covid Levels - Bloomberg: Sluggish rebound creates $1.6 billion annual deficit

Zipmex Seeks $50 Million After Freezing Crypto Withdrawals - Bloomberg: Zipmex, the Asia-focused crypto exchange that froze some withdrawals last week, said it’s seeking to raise at least $50 million to repair its balance sheet.

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