Music mogul Sean “Diddy” Combs is seeking to buy the Sean John lifestyle brand he founded more than two decades ago out of bankruptcy for $3.3 million.
Backup bidders for the bankrupt Limetree Bay refinery in the U.S. Virgin Islands say dismantling it is better for the local population than the lead bidder’s plan to restart operations.
Satellite and broadcast giant Intelsat SA is gearing up for a trial over a $15 billion restructuring plan in which creditors are expected to allege that some corporate directors ignored conflicts of interest and prioritized legal releases for themselves after the company filed for bankruptcy.
The investor who bought Philadelphia’s Hahnemann University Hospital before its collapse failed to win bankruptcy court approval for a $17.5 million loan on the defunct healthcare center’s underlying real estate.
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Biggest gainers and losers among high-yield bonds and widely-quoted syndicated loans.
High-Yield Bonds
| BOND | % CHANGE |
|---|---|
| Tower Health 4.451% due 02/01/50 | 3.395% |
| SUNAC CHINA HOLDINGS LIMITED 8.35% due 04/19/23 | -6.186% |
Leveraged Loans
| LOAN | % CHANGE |
|---|---|
| Samarco Mineracao 8/11 (Fixed 1.37%) TL | 2.76% |
| City Brewing 4/21 Cov-Lite TL | -2.11% |
Source: IHS MarkitFULL TABLE
This is a summary of a request from GTT Communications Inc. to hire Akin Gump Strauss Hauer & Feld LLP as counsel, filed Nov. 29 with the U.S. Bankruptcy Court in New York.
A list of some new chapter 11 bankruptcy filings made during the last week.
This is a summary of a request from PWM Property Management LLC to hire Young Conaway Stargatt & Taylor LLP as bankruptcy co-counsel, filed Nov. 10 with the U.S. Bankruptcy Court in Wilmington, Del.
A list of some new chapter 11 bankruptcy filings made during the last week.
This is a summary of a request from ABC Carpet & Home to hire ASK LLP as special counsel, filed Nov. 19 with the U.S. Bankruptcy Court in New York.