Reaches Transaction Support Agreement with More Than 75% of Secured Letter of Credit Facility Providers, Funded Debt Creditors and Equity Holders Receives $250.
Analysts have been waiting for the tidal wave of bankruptcies sure to arise in stressful economic times. A few companies have restructured recently, but the wave has been manageable. Governments are committed to improving debt-restructuring processes, and thorough knowledge of the options will ensure the optimal deal for all stakeholders.