debt-restructuring
France to Drop Extra Capital Demand for Banks Exposed to Indebted Companies
FinanceSbb Reports Smaller Q4 Loss, Will Continue to Cut Cost and Sell Assets
HeadlinesSri Lanka's New President Presents First Budget With Focus on Crisis Recovery
HeadlinesUK Court Approves Sino-Ocean's Debt Restructuring Plan
Intrum Files for Bankruptcy in US to Restructure $4.5 Billion Debt Pile
Date: November 16, 2024
(Reuters) – Intrum, Europe’s biggest debt collector, on Friday said it had filed for Chapter 11 bankruptcy in the United States in a bid to restructure its debt. The company has struggled as the pandemic, an energy crisis and two-decade-high interest rates failed to unleash a wave of loan defaults, with concerns mounting over Intrum’s...
Butler Industries Joins Onepoint in Atos Rescue Consortium
Date: April 8, 2024
Butler Industries joins Onepoint in Atos rescue consortium PARIS (Reuters) – Paris-based Butler Industries is joining a consortium to rescue distressed IT consulting firm Atos, the company’s leading shareholder Onepoint said on Sunday in a statement. Onepoint, which holds 11.4% of Atos, said last month it was ready to invest and organise the group’s capital...
France’s Atos Seeks Debt Restructuring Plan by July After Record Losses
Date: March 26, 2024
France’s Atos seeks debt restructuring plan by July after record losses By Augustin Turpin (Reuters) -French IT consulting firm Atos is aiming to restructure its debt by July, the group said on Tuesday, after posting record annual losses as uncertainty looms of the group’s future. “We are also in discussions with our financial creditors with...
Banking Stability Worries Go Behind Closed Doors at IMF-World Bank Meetings
Date: April 17, 2023
Banking stability worries go behind closed doors at IMF-World Bank meetings By David Lawder and Andrea Shalal WASHINGTON (Reuters) – Just a month after the biggest banking crisis in more than a decade, the world’s top economic and financial policymakers gathered in Washington and said surprisingly little about financial system stability – at least publicly....
Sovereign Debtors, Creditors Agree on Steps to Jumpstart Debt Restructurings
Date: April 13, 2023
Sovereign debtors, creditors agree on steps to jumpstart debt restructurings By Andrea Shalal WASHINGTON (Reuters) – Global creditors, debtor nations and international financial institutions on Wednesday agreed ways to jumpstart and streamline long-stalled debt restructuring efforts, including through improved data sharing and clearer timetables. The World Bank, International Monetary Fund and India, current president of...
Sri Lanka to Unveil Debt Restructuring Plan to Creditors
Date: September 23, 2022
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lankan authorities will formally hold talks with international creditors on Friday to start the process of restructuring billions of dollars of its debt and share plans to tackle the island’s worst economic crisis in more than seven decades. The success of the restructuring process is critical for the...