Bankruptcy & Restructuring News Headlines for Tuesday May 14, 2024

Here's what we are reading this morning:

Fisker gets short-term loan to remain afloat | Morningstar: It signed a securities purchase agreement in connection with the offering, which was for senior secured notes due in June

Fisker Raises Additional Capital From Existing Investor; Funding Is $3.456 Million; Potential to Increase to $7.5 Million | Business Wire: The Notes bear interest at a rate per annum equal to the three-month Secured Overnight Financing Rate plus 12%. The Offering closed on May 10, 2024.

Sonder (SOND) Taps Moelis to Help Improve Financial Health - Bloomberg: Short-term rental company Sonder Holdings Inc. is exploring multiple options to strengthen its financial health with the help of Moelis & Co., according to people with knowledge of the situation, who asked not to be named discussing a private matter.

Why Is Inflation So Stubborn? Ask Your Local Small Business - WSJ: Many operations, squeezed by higher costs, say they plan to keep raising prices

Fund Manager Bill Hwang’s Archegos Was a ‘House of Cards,’ Prosecutor Tells Jury - WSJ: Hwang, on trial for fraud and racketeering related to his firm’s meltdown, maintains his trading practices were lawful

Red Lobster is abruptly closing dozens of restaurants | CNN Business: Struggling Red Lobster is abruptly closing at least 48 of its restaurants around the country, according to a leading restaurant liquidator

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