Restructuring & Recapitalization Business development news stories are included in this section, with emphasis on corporate entities that are planning for, or currently undergoing restructuring or recapitalization efforts.

Latest

Oct 16, 2020, 18:34 ET TNT Successfully Completes Financial Restructuring

TNT Crane & Rigging, Inc. and certain of its affiliates ("TNT" or the "Company") today announced that the Company and certain subsidiaries have...


Oct 14, 2020, 15:03 ET KB US Holdings, Inc. Announces Auction Results

KB US Holdings, Inc., together with its debtor affiliates in their Chapter 11 cases in the U.S. Bankruptcy Court for the Southern District of New...


Oct 13, 2020, 02:21 ET SDRL - Cleansing announcement - restructuring process

Certain of the new secured noteholders (the "NSNs") approached Seadrill Limited (the "Company") to discuss the possibility of extinguishing the...


Oct 12, 2020, 15:52 ET MD America Energy Enters into Fully Supported Restructuring Support Agreement

MD America Energy, LLC (the "Company" or "MD America"), a Texas-based oil and gas operating company, today announced that it has entered into a...


Oct 12, 2020, 00:12 ET Mallinckrodt Secures Broad Consensus with Key Stakeholders on Comprehensive Chapter 11 Restructuring

Mallinckrodt plc (NYSE: MNK) ("Mallinckrodt" or the "Company") today announced that it has voluntarily initiated Chapter 11 proceedings in the U.S....


Oct 09, 2020, 17:30 ET Hi-Crush Inc. Successfully Completes Restructuring, Emerges From Chapter 11 Bankruptcy

Hi-Crush Inc. (OTCMKTS: HCRSQ), ("Hi-Crush" or the "Company"), a fully-integrated provider of proppant logistics solutions, today announced that...


Oct 09, 2020, 08:00 ET Wilks Announces Filing of Notice of Variation for its Improved Premium Offer and Responds to Calfrac's Latest Attempt to Intimidate Shareholders

CISCO, Texas, Oct. 9, 2020 /PRNewswire/ - Wilks Brothers, LLC ("Wilks") today announced that, further to its October 5, 2020 announcement, its...


Oct 08, 2020, 19:10 ET BGL Announces the Recapitalization of G&A Partners by The Riverside Company

Brown Gibbons Lang & Company (BGL) is pleased to announce the recapitalization of G&A Partners (G&A), the preeminent professional employer...


Oct 08, 2020, 08:33 ET MultiPlan and Churchill Capital Corp III Announce Closing of Business Combination

Churchill Capital Corp III ("Churchill III") (NYSE: CCXX), a public investment vehicle, and the parent of MultiPlan, Inc. ("MultiPlan"), a leading...


Oct 08, 2020, 06:00 ET Barwa Bank rebrands into Dukhan Bank, eyes ambitious business and digital transformation

Marking the start of an exciting new banking journey, Barwa Bank, Qatar's leading banking player, announced its rebranding into Dukhan Bank,...


Oct 07, 2020, 08:00 ET Calfrac Shareholders: Both ISS and Glass Lewis Have Reaffirmed Recommendations to Vote AGAINST the Amended Management Transaction

CISCO, Texas, Oct. 7, 2020 /PRNewswire/ - Wilks Brothers, LLC ("Wilks") is pleased to announce that both leading independent proxy advisory firms,...


Oct 06, 2020, 16:40 ET Nuo Therapeutics Announces Recapitalization and Exchange Agreement that Simplifies Capital Structure

Nuo Therapeutics, Inc. (OTC Pink: AURX) ("Nuo" or the "Company"), today announced the closing of a recapitalization and exchange agreement between...


Oct 06, 2020, 11:00 ET UTEX Industries Reaches Agreement on Prepackaged Restructuring To Reduce Debt; Business Will Operate In Ordinary Course with No Disruption to Employees, Vendors, or Customers

UTEX Industries, Inc. ("UTEX" or the "Company") today announced that it has entered into a restructuring support agreement (the "Agreement") with the ...


Oct 05, 2020, 18:30 ET Mortgage Contracting Services Announces New Ownership

Mortgage Contracting Services, MCS, a leading provider of specialized services to financial institutions, is pleased to announce that it has...


Oct 05, 2020, 16:35 ET Avianca Holdings S.A. Receives U.S. Court Approval to Access US$2.0 Billion Debtor-In-Possession ("DIP") Financing

Avianca Holdings S.A. (OTCMKTS: AVHOQ, BVC: PFAVH) (the "Company" or "Avianca") today announced that it has received approval from the U.S....


Oct 05, 2020, 08:00 ET Wilks Improves Terms of Premium Offer to Provide Calfrac Shareholders up to $0.25 in Cash for Each Calfrac Share

CISCO, Texas, Oct. 5, 2020 /PRNewswire/ - Wilks Brothers, LLC ("Wilks") today announced that it has improved the terms of its Premium Offer to...


Oct 01, 2020, 18:46 ET EP Energy Corporation Successfully Completes Financial Restructuring

EP Energy Corporation ("EP Energy" or the "Company") today announced it has successfully completed its financial restructuring and emerged from...


Oct 01, 2020, 17:00 ET Arena Energy Successfully Completes Financial Restructuring

Arena Energy, LP ("Arena Energy") announced today that it has successfully completed its financial restructuring and has emerged from bankruptcy...


Oct 01, 2020, 08:30 ET Russel Metals to Redeem $150 Million of Its Outstanding 6.00% Senior Unsecured Notes Due April 19, 2022

TORONTO, Oct. 1, 2020 /PRNewswire/ - Russel Metals Inc. (TSX: RUS) today gave notice to redeem $150 million principal amount of its 6.00% senior...


Oct 01, 2020, 08:05 ET Houghton Mifflin Harcourt Announces Strategic Restructuring to Accelerate Transformation, Align Cost Structure to Support Digital First, Connected Strategy

Houghton Mifflin Harcourt ("HMH" or the "Company") (Nasdaq: HMHC) today announced a strategic restructuring to accelerate its digital transformation...


Sep 30, 2020, 17:59 ET Mountain Province Diamonds Announces Approval and Closing of Financing Solutions

TSX and OTCQX: MPVD TORONTO and NEW YORK, Sept. 30, 2020 /PRNewswire/ - Mountain Province Diamonds Inc. ("Mountain Province" or the "Company") (TSX:...


Sep 30, 2020, 04:13 ET Number of shares and votes in Calliditas Therapeutics

During September, Calliditas Therapeutics AB (publ) has allotted 111,250 common shares within the company's warrant program issued in 2017. Thus, as...


Sep 30, 2020, 01:17 ET Oasis Petroleum Takes Action to Strengthen Balance Sheet with the Support of its Lenders and an Ad Hoc Committee of Noteholders

Oasis Petroleum Inc. (NASDAQ: OAS) ("Oasis Petroleum" or the "Company") today announced that it has entered into a restructuring support agreement...


Sep 29, 2020, 15:37 ET iAnthus Provides Update on Final Court Order Hearing

Final Court Decision Has Not Been Given NEW YORK and TORONTO, Sept. 29, 2020 /PRNewswire/ - iAnthus Capital Holdings, Inc. ("iAnthus" or the...


Sep 29, 2020, 14:11 ET The City of Córdoba Announces Decision To Enter into a 30-Day Interest Payment Grace Period to Continue Discussions with Noteholders

The city of Córdoba ("Córdoba" or the "City") announced today that it has elected to enter into a 30-day interest payment grace period and defer...