Exclusive | Vista Closes $460 Million Deal to Cash Out Credit Investors - WSJ: Vista Credit Partners has closed a deal to cash out certain investors in a pool of credit assets managed by the technology-focused lender, according to sources familiar with the deal
Macy's posts preliminary results, delays full earnings release: In a statement Monday, Macy’s said its third-quarter sales fell 2.4% to $4.74 billion. Comparable sales for its owned and licensed businesses, plus its online marketplace, dropped 1.3%
Market Rewards Dish Bondholders’ Resistance to Ergen’s DirecTV Merger - WSJ: Investors holding Dish bonds are being rewarded in the market for staring down the company’s founder Charlie Ergen, highlighting creditors’ use of agreements to stick together in negotiations rather than competing with each other for the best deal
Clergy Abuse Victims Sue Bankrupt Oakland Diocese Over Assets: The official committee of unsecured creditors in the Oakland diocese’s Chapter 11 case filed suit Wednesday in the US Bankruptcy Court for the Northern District of California. The group, which represents more than 300 clergy abuse claimants, alleges that the diocese is artificially undervaluing the assets at its disposal for funding a bankruptcy plan and paying creditors.
The Container Store Retains Advisers for Balance Sheet, Operational Help : Storage and organizational-goods retailer The Container Store Group Inc. is working with Houlihan Lokey Inc for balance sheet help, according to people with knowledge of the situation, who asked not to be identified discussing a private matter. The Container Store has also tapped FTI Consulting Inc. for operational assistance, some of the people said.
