Bankruptcy

New High Yield Bond Ratings September 21- September 25, 2020

At least nine companies received downgrades or revisions on high yield bond ratings during the week of September 21 – September 25,...

New Chapter 11 Filings, Disclosures: September 21 – September 25, 2020

At least three major companies have either filed for Chapter 11 Bankruptcy protection or defaulted on loans during the week of September...

COVID-19 Drives Down New Car Sales, Used Car Sales Up

The COVID-19 pandemic has significantly impacted consumers’ behaviors and reduced demand for products and services to date in 2020. Automakers have been...

Distressed Airline Industry Faces Furloughs as PPP Nears its End

Many industries have been impacted by the COVID-19 pandemic, but maybe none so much as the travel industry. The airline industry has...

GNC Wins Court Approval for Chinese Shareholder Purchase

GNC Holdings Inc. won a Delaware court's approval on September 17 to sell itself to the Chinese company Harbin Pharmaceutical Holding Co....

Garrett Motion Files for Bankruptcy, Cites Decline in Auto Sales and Asbestos Litigation

Garrett Motion Inc. (NYSE: GTX) filed for bankruptcy on Sunday, September 20th. The auto-parts maker is one more company the ongoing pandemic...

L.A. Considers Employee Furloughs as N.Y.C. Starts its Own in October

Amid daily news of private sectors suffering the recession, COVID-19 is also forcing two major cities into fiscal crises.

VIVUS Pre-Packaged Bankruptcy Plan Rejected by Courts

Pre-packaged bankruptcies typically allow for an expedited Chapter 11 process. But that was not the case for biopharmaceutical company VIVUS, Inc (NYSE:...

New Chapter 11 Filings, Disclosures: September 14 – September 18, 2020

At least three major companies have either filed for Chapter 11 Bankruptcy protection or defaulted on loans during the week of September...

New High Yield Bond Ratings September 14 – September 18, 2020

At least 11 companies received downgrades or revisions on high yield bond ratings during the week of September 14 – September 18,...

Recent Articles

Scener Receives $2.1M in Seed Funding

Scener, a watch-together streaming service, received $2.1 million in seed funding round led by Seattle-based SeaChange. The platform's co-viewing movie and television...
Customer Data Software

Twilio Acquires Customer Data Startup Segment for $3.2 Billion

Twilio Inc., a customer communications platform provider, has announced it will acquire Customer Data Platform (CDP) startup Segment Inc. Twilio acquired the...

Bank Of America to Provide Small-Dollar Short-Term Loans

Bank of America introduced the Balance Assist loan, which provides small-dollar loans to select clients. It offers clients short-term liquidity by lending...

Zomedica Registers more than 9 Million Shares Ahead of Proposal for U.S. Domestication

Zomedica Corp. (NYSE: ZOM) has filed preliminary paperwork with the SEC registering shares and announcing a special shareholder meeting. The S-4 filing...

Array Technologies Announces Price for IPO

Solar technology company Array Technologies (NASDAQ: ARRY) made its public debut on the Nasdaq Exchange, pricing its IPO on Wednesday Oct. 14....

Most Popular

U.S. Universities, Colleges Face Crisis amid COVID-19

Higher education institutions began 2020 under financial pressure nationwide, due to declining enrollments and shrinking support from state governments. But in spring, the...

Agragene Raises $4 Million in Series A Funding

Agricultural technology company, Agragene, has raised an additional $4 million in series A funding. The San Diego-based company is developing eco-friendly alternatives...

Largest Pizza Hut and Wendy’s Franchisee, NPC International, Files for Bankruptcy

NPC International Inc., one of the largest fast food operators in the United States, filed for Chapter 11 Bankruptcy in the Texas...

Distressed Airline Industry Faces Furloughs as PPP Nears its End

Many industries have been impacted by the COVID-19 pandemic, but maybe none so much as the travel industry. The airline industry has...
Driving Car

Will Alibaba Invest in Ride-Sharing Company Grab?

This week, there has been word about multinational e-commerce company Alibaba possibly investing in Singapore-based ride-hailing startup, Grab. The investment will be...