Steward’s Ownership of Massachusetts Hospitals Ends in Shutdowns and Bailouts - WSJ: The bankrupt company’s efforts to sell its hospitals outside of Massachusetts also yielded mixed results
Tighter Loan Terms Are Plunging Retailers Deeper Into Distress - Bloomberg: Pressure from ABL providers helped tip Conn’s and Express into bankruptcy
Dentons adds restructuring partner Andrew McClain in Chicago: McClain’s experience spans all facets of creditors’ rights, including judicial and non-judicial commercial foreclosures, receiverships and Article 9 sales
Vista Equity’s Pluralsight to Cede Control to Private Lenders - WSJ: The educational-software maker is nearing a restructuring to cut its debt by nearly $1.3 billion in one of first major private-loan restructurings
Hardinge Files For Chapter 11 Bankruptcy; Seeks to Sell Assets: Hardinge Inc. and certain of its US affiliated firms entered into an agreement in principle with an affiliate of Centre Lane Partners to sell substantially all of the firm’s business lines’ operations and assets.
Fisker Lender Heights Capital Agrees to Settlement Talks: Fisker Inc. lender Heights Capital Management has agreed to hold settlement talks aimed at resolving unsecured creditors’ allegation that Heights unfairly profited from the failure of the electric vehicle maker.
Pennsylvania healthcare company files Chapter 11 bankruptcy: Guardian Healthcare, based out of Brockway announced Monday that Guardian Elder Care at Johnstown, LLC, doing business as Richland Healthcare and Rehabilitation Center, along with 19 affiliated entities (Debtors) voluntarily filed Chapter 11 bankruptcy in the United States Bankruptcy Court for the Western District of Pennsylvania
