Articles

  • 2 weeks ago | news.bloomberglaw.com | Constantine Courcoulas

    AMS Osram has agreed to some of Kite Lake Capital Management’s proposals to tweak the terms of its debt after the bondholder pushed back against the Swiss-listed company’s initial plan. “The issuer has reviewed the countermotion in detail and supports the holder proposal,” on how to alter the terms of its €760 million ($856 million) convertible securities due in 2027, AMS Osram said in statement on Tuesday, without mentioning Kite Lake by name.

  • 2 weeks ago | news.bloombergtax.com | Constantine Courcoulas

    XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.

  • 2 weeks ago | news.bloomberglaw.com | Constantine Courcoulas

    A UK court approved Petrofac Ltd’s restructuring plan, staving off insolvency for the energy-services company that has been embroiled in a legal battle over the proposals for months. The London judge sanctioned a plan backed by investors including US hedge funds Mason Capital Management and Nut Tree Capital Management.

  • 2 weeks ago | financialpost.com | Kerim Karakaya |Constantine Courcoulas

    Advertisement 1Zorlu Holding, one of Turkey’s largest conglomerates, is readying asset sales and job cuts as part of a sweeping overhaul to ease investor concerns about its $4.9 billion debt burden. The company has already extended a portion of its loan maturities. Article content(Bloomberg) — Zorlu Holding, one of Turkey’s largest conglomerates, is readying asset sales and job cuts as part of a sweeping overhaul to ease investor concerns about its $4.9 billion debt burden.

  • 2 weeks ago | bloomberg.com | Kerim Karakaya |Constantine Courcoulas

    The Zorlu Center complex in Istanbul. Photographer: Nicole Tung/Bloomberg(Bloomberg) -- One of Turkey’s largest conglomerates is planning to sell assets and lay off staff to ease concern about its $4.9 billion debt burden, underscoring the challenges local companies face from sky-high borrowing costs and entrenched inflation.

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