Blackstone Raises Largest Commercial Property Debt Fund With $8 Billion - WSJ: Fund took two years to build and will be active in North America, Europe and Australia
Hudson’s Bay Company ULC, the Operator of Hudson’s Bay Stores and TheBay.com, Initiates Restructuring Proceedings Under CCAA in Response to Canadian Retail Industry Challenges | Business Wire: The CCAA process will allow Hudson’s Bay to restructure its operations, streamline costs, and refocus on its core strengths. Through a license agreement, Hudson’s Bay Company ULC has a small footprint of Canadian Saks Fifth Avenue and Canadian Saks OFF 5TH stores. These stores will also continue to operate. The CCAA proceedings do not affect U.S.-Saks Global, which is a standalone entity distinct from Hudson’s Bay Company ULC
Primaris REIT Provides HBC Exposure Update: As at March 10, 2025, Primaris REIT’s exposure to HBC is as follows: 10 HBC locations totaling 1,124,000 square feet of gross leasable area; 12th largest tenant by annualized minimum rent
Telecom company Mitel files for bankruptcy to cut $1 bln in debt : Telecommunications company Mitel Networks Corp filed for Chapter 11 bankruptcy protection in Texas late Sunday, seeking to complete a restructuring that will eliminate $1.15 billion in debt.
Rite Aid Is in Talks With Creditors to Bolster Its Liquidity - Bloomberg: Rite Aid Corp. is in talks with providers of its asset-backed-loan to fully access the facility and implement its turnaround plan, according to people familiar with the matter.
Liability Shields Gain Ground in International Bankruptcy Cases: A New York bankruptcy judge’s recognition of a Mexican lender’s foreign restructuring with nonconsensual liability releases is among a growing list of cross-border cases testing boundaries set by the US Supreme Court’s Purdue Pharma opinion.
