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2 weeks ago | 
news.bloombergtax.com | Constantine Courcoulas |Libby Cherry
Private equity firm KKR & Co is set to hand over Swiss vending machine operator Selecta Group to a group of creditors as part of a restructuring plan that will slash its outstanding debt by over €1 billion ($1.1 billion). The group includes Invesco Ltd., Man Group Plc, Strategic Value Partners LLC and Diameter Capital Partners LP, according to people familiar with the matter, who asked not to be identified discussing private information.
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2 weeks ago | 
news.bloombergtax.com | Constantine Courcoulas
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2 weeks ago | 
news.bloomberglaw.com | Constantine Courcoulas |Libby Cherry
Private equity firm KKR & Co is set to hand over Swiss vending machine operator Selecta Group to a group of creditors as part of a restructuring plan that will slash its outstanding debt by over €1 billion ($1.1 billion). The group includes Invesco Ltd., Man Group Plc, Strategic Value Partners LLC and Diameter Capital Partners LP, according to people familiar with the matter, who asked not to be identified discussing private information.
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2 weeks ago | 
news.bloomberglaw.com | Constantine Courcoulas
Oil services firm appeared in a London court on Wednesday seeking approval for a financial restructuring it says will rescue the company from insolvency.
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2 weeks ago | 
bloomberg.com | Constantine Courcoulas
The Euronext stock exchange in Paris. Photographer: Nathan Laine/Bloomberg(Bloomberg) -- Europe’s fragmentation and market inefficiencies actually offer attractive opportunities for flexible capital providers as banks retreat, according to Davidson Kempner, a $37-billion global investment firm.
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4 weeks ago | 
bloomberg.com | Constantine Courcoulas |Edward Clark |Kerim Karakaya
This article is for subscribers only. Welcome to The Brink. It’s Constantine Courcoulas, Kerim Karakaya and Edward Clark, reporters in London, where we’ve been reporting on the impact of tariffs and internal instability on Turkish exporters. We also have the latest on Hertz exploring options and Argentina’s bond spike. Follow this link to subscribe. Send us feedback and tips at [email protected].
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1 month ago | 
news.bloomberglaw.com | Dorothy Ma |Reshmi Basu |Constantine Courcoulas
Hooters of America, the casual dining chain known for its chicken wings and skimpy server uniforms, has become the latest iconic restaurant brand to falter in the face of stubborn inflation and Americans’ fading interest in eating out. The Atlanta-based company filed for bankruptcy in Dallas on Monday, saying a “liquidity crunch” prevented it from making necessary investments.
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1 month ago | 
financialpost.com | Dorothy Ma |Reshmi Basu |Constantine Courcoulas
Hooters of America, the casual dining chain known for its chicken wings and skimpy server uniforms, has become the latest iconic restaurant brand to falter in the face of stubborn inflation and Americans’ fading interest in eating out. The Chapter 11 filing follows that of seafood chain Red Lobster, which went bankrupt last year after a money-losing “endless shrimp” promotion, and TGI Friday’s Inc.’s failure in November after it struggled to turn around its business.
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1 month ago | 
bloomberg.com | Dorothy Ma |Reshmi Basu |Constantine Courcoulas
Bloomberg Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world For Customers Bloomberg Anywhere Remote Login Software Updates Manage Products and Account Information Support Americas+1 212 318 2000 EMEA+44 20 7330 7500 Asia Pacific+65 6212 1000 Company About Careers Inclusion at Bloomberg Tech at Bloomberg Philanthropy Sustainability Bloomberg London...
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1 month ago | 
news.bloombergtax.com | Constantine Courcoulas
Fitch Ratings downgraded InfraBuild Australia Pty Ltd. further into junk, saying it sees an “elevated” probability that the Australian steel producer will default on $550 million of notes within the next three months. The Australian steel producer is seeking to defer its audited financial statements originally due in October 2024 to beyond March 31, Fitch said as it lowered the firm’s long-term issuer rating to CC from CCC-.
