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PREIT Commences Chapter 11 Proceedings, Enters RSA with 100% of First and Second Lien Lenders - News

PREIT, a leading operator of diverse retail and experiential destinations, announced it is taking steps to execute a comprehensive reorganization to strengthen its balance sheet, reduce its total indebtedness by approximately $880 million and extend its maturity runway. The reorganization plan (the "Prepackaged Plan") is supported by 100% of. ....

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PREIT Takes Steps to Significantly Strengthen Balance Sheet and Solidify Future of Business

Focus on Delivering Exceptional Experiences for Shoppers and Tenants Continues
Enters Restructuring Support Agreement with 100% of PREIT s First and Second Lien Lenders and Commences Chapter 11. ....

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Covis Pharma: Covis Announces Successful Completion of Its Previously Announced Financial Recapitalization Transaction, Resulting in a Material Strengthening of Its Financial Position

Transaction supported by 100% of First Lien and 100% of Second Lien Lenders Results in material strengthening of the Company's balance sheet and liquidity profile Existing Equity Sponsors remain ....

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Covis Announces Successful Completion of Its Previously Announced Financial Recapitalization Transaction, Resulting in a Material Strengthening of Its Financial Position

Transaction supported by 100% of First Lien and 100% of Second Lien Lenders ....

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Junior Creditors Beware: Third Circuit Awards Damages For Breach Of Turnover Provision - Insolvency/Bankruptcy

On April 13, 2022, the Court of Appeals for the Third Circuit ruled in CoFund II LLC v. Hitachi Capital America Corp. that a junior creditor breached a turnover provision in an. ....

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