Tag Archives: debt restructuring
Barneys eyes restructuring or bankruptcy -report
Forbes – Barneys New York Inc is eyeing a debt restructuring or bankruptcy filing under which its owner, Dubai’s Istithmar World Capital, may lose control of the high-end retailer, Bloomberg reported, citing people familiar with the matter. Hedge fund Perry […]
Fed orders CIT to submit capital plan
Reuters – The U.S. Federal Reserve has ordered CIT Group Inc, the cash-strapped corporate lender struggling to avoid bankruptcy, to submit a plan for raising capital and meeting debt obligations within 15 days. The order from the powerful regulator comes […]
Chrysler debt offer raised, holdouts targeted
Reuters – The U.S. Treasury raised its offer by $250 million (168.9 million pounds) in debt restructuring talks with Chrysler lenders on Wednesday as part of a final push to win over lenders holding out for better terms and avoid […]
