(Bloomberg) For most of the past decade, some of the world’s wealthiest investors poured billions of dollars into Latin American telecom companies, betting they would win by luring in customers with cheaper rates.Most Read from BloombergUS Slams Strikes on Russia Oil Refineries as Risk to Oil MarketsUS Inflation Refuses to Bend, Fanning Fears It Will Get StuckChinese Cement Maker Halted After 99% Crash in 15 MinutesBond Trader Places Record Futures Bet on Eve of Inflation DataApple’s India iP
Rite Aid, one of the largest U.S. pharmacy chains, received permission from a U.S. judge on Thursday to begin voting on a bankruptcy restructuring plan that would turn over most of the company's equity to its bondholders, while still leaving open the possibility of a sale. U.S. Bankruptcy Judge Michael Kaplan approved Rite Aid's voting proposal at a court hearing in Trenton, New Jersey, saying that the bankruptcy case needed to move quickly to avoid further restructuring costs that could push the company into liquidation. Rite Aid's bankruptcy plan, revised on Thursday, would cut $2 billion in debt and provide $47.5 million to junior creditors, including individuals and local governments who have sued the company for allegedly ignoring red flags and illegally filling prescriptions for addictive opioid medication.
EQSAdhoc DEMIRE Deutsche Mittelstand Real Estate AG Key word Bond DEMIRE confirms negotiations with a group of bondholders regarding the restructuring of the 20192024 bond 26March2024 2351 CETCEST Di
Claims would be based on a breach of international investment agreements, and launched on behalf of Credit Suisse’s AT1 investors from jurisdictions including Hong Kong, China, Japan, Korea, Singapore and the UAE.