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5 days ago | 
news.bloomberglaw.com | Georgia Hall |Jonathan Randles |Steven Church
Wolfspeed Inc. is planning to file for bankruptcy by July 1 with a deal to slash its debt by about $4.6 billion and hand over control to convertible noteholders. The chipmaker, caught in President Donald Trump’s push to reshape Biden-era tech subsidies, said late Sunday it reached a restructuring agreement with a majority of its creditors and Renesas Electronics Corp., a major customer based in Japan, to cut its debt by 70% and reduce annual interest expenses by 60%.
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5 days ago | 
bloomberg.com | Georgia Hall |Jonathan Randles |Steven Church
A Wolfspeed wafer(Bloomberg) -- Wolfspeed Inc. is planning to file for bankruptcy by July 1 with a deal to slash its debt by about $4.6 billion and hand over control to convertible noteholders.
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1 week ago | 
news.bloomberglaw.com | Georgia Hall
Solo Brands Inc. reached a debt-restructuring deal and took the interim tag of Chief Executive Officer John Larson as the outdoor-leisure firm has struggled with years of unprofitability. Shares surged as much as 158% on Monday to 40 cents.
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1 week ago | 
bloomberg.com | Georgia Hall
(Bloomberg) -- Solo Brands Inc. reached a debt-restructuring deal and took the interim tag of Chief Executive Officer John Larson as the outdoor-leisure firm has struggled with years of unprofitability. Shares surged as much as 158% on Monday to 40 cents.
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2 weeks ago | 
bloomberg.com | Georgia Hall
Shoppers in downtown San Francisco, California, US, on Tuesday, March 11, 2025. The Bureau of Labor Statistics is scheduled to release US consumer price index (CPI) figures on March 12. Photographer: David Paul Morris/Bloomberg(Bloomberg) -- Fitch Ratings revised its 2025 outlook on North American non-financial firms to “deteriorating” from “neutral,” expecting high tariffs to stoke inflation and dampen consumers’ ability to spend.
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2 weeks ago | 
bloomberg.com | Georgia Hall
Flares burn off excess natural gas at the Endeavor Energy Resources LP oil and gas wells near Tarzan, Texas, US, on Saturday, March 15, 2025. The Permian Basin, a sprawling shale patch that lies beneath Texas and New Mexico, is North America's most prolific shale patch. (Bloomberg) -- Fitch Ratings has revised its 2025 outlook on the global oil and gas sector to ‘deteriorating’ from ‘neutral’ as a combination of US tariffs, OPEC+ output hikes and growing non-OPEC+ supply weigh on demand.
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2 weeks ago | 
autonews.com | Georgia Hall |John Irwin |Melissa Burden |Urvaksh Karkaria
Confusion around President Donald Trump’s auto tariffs and uncertainty over import and export costs has strained the automotive industry, according to a survey by consulting firm AlixPartners.
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3 weeks ago | 
news.bloombergtax.com | Georgia Hall
A trustee for bankrupt financial-technology firm Synapse Financial Technologies Inc. has asked to convert its Chapter 11 case into liquidation, or dismiss the matter entirely, after the fintech failed to find a buyer for its assets.
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3 weeks ago | 
bloomberg.com | Georgia Hall
(Bloomberg) -- A trustee for bankrupt financial-technology firm Synapse Financial Technologies Inc. has asked to convert its Chapter 11 case into liquidation, or dismiss the matter entirely, after the fintech failed to find a buyer for its assets.
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3 weeks ago | 
bloomberg.com | Aaron Weinman |Georgia Hall
(Bloomberg) -- JPMorgan Chase & Co. and Morgan Stanley are arranging a debt deal for data center operator TeraWulf Inc., which the banks intend to sell to private credit firms, according to people familiar with the matter. The $350 million loan will be structured as a project financing, with proceeds being used to fund the construction of a data center in New York, said the people, who requested anonymity to discuss a private transaction.
