Bankruptcy & Restructuring News Headlines for Wednesday Oct 16, 2024

Here's what we are reading this morning:

Walgreens says it will close 1,200 stores by 2027, as earnings top estimates: The retail drugstore chain also said it plans to close roughly 1,200 stores over the next three years, which includes 500 closures in fiscal 2025 alone

Boeing to raise as much as $25 billion to shore up balance sheet: The company said in a separate filing that it has reached a $10 billion credit agreement with banks; Boeing faces warnings from credit ratings agencies that it could lose its investment grade rating

Clinical Care Medical Centers Operator MBMG Holding Files for Bankruptcy - Bloomberg: Conviva Care Centers, part of Humana’s Primary Care Organization, has agreed to purchase for $45 million “substantially all of the assets” of the company, the filing states. The sale was triggered when Clinical Care Medical Centers could no longer make payments on $479 million in debt to creditors that had accrued in recent years, the filing states





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